Coal India may look at revising price of premium coal
The international coal price had been easing and thus there had been poor response for the premium coal of CIL
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PSU major Coal India Ltd (CIL) may look at revising the price of premium coal in the back drop of international rates showing an easing trend.
"Exploring, based on realities of the market," CIL chairman S Narsing Rao said when asked about possibilities of revising at least the premium coal price.
The international coal price had been easing and thus there had been poor response for the premium coal of CIL, he said.
CESC had also recently sought EOI for imported coal from interested sellers.
Asked about revising coal price of non-premium grades, Rao said, "The board is aware of the situation and and decision taken will be communicated."
Meanwhile, the fuel supply agreement coal (power sector) realisation was higher by Rs 64 a tonne during the quarter. The total quantity of sale to the power sector during the year was higher by 32 million tonne to 345 million tonne.
Rao said the total benefit to the West Bengal government in royalty, cess and VAT on coal amounted to Rs 11,886 crore.
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First Published: May 27 2013 | 8:12 PM IST