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telegraphindia.com 13 Sep, 2021 00:00 am

Coal India mulls 10 per cent price hike to tide over cost push, wage revision

Coal India mulls 10 per cent price hike to tide over cost push, wage revision
Its current average regulated rate realisation is Rs 1,394 per tonne

/ / Coal India mulls 10% price hike to tide over cost push, wage revision Coal India mulls 10% price hike to tide over cost push, wage revision Its current average regulated rate realisation is Rs 1,394 per tonne The Calcutta-based company had last hiked coal prices in 2018.21, 01:14 AM Mining major Coal India Ltd might raise prices of the dry fuel by at least 10-11 per cent to mitigate the impact of increased costs and an impending wage revision, sources close to the development said.Costs have jumped on all fronts and a wage revision is due.The wage revision, which is due from July this year, is likely to cost the miner an additional Rs 10,000 crore, they said.

The Calcutta-based company had last hiked coal prices in 2018.“Coal India has informally discussed the matter with board members and most of them have acknowledged the need to hike prices of coal.

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