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Coal India has strong case to increase prices, talks on: CMD Agrawal

Miner needs to be 'adequately compensated'; stakeholders being consulted before a decision

Coal India, Chairman and Managing Director Pramod Agrawal
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Coal India Chairman and Managing Director Pramod Agrawal said that he was confident that the mining behemoth will achieve its production target of 1 billion tonnes by FY26 (PHOTO: PTI)

Ishita Ayan Dutt Kolkata
Coal India (CIL) Chairman and Managing Director Pramod Agrawal said on Monday there is a “strong case” for increasing coal prices, and the hike could be effected “very soon” as discussions are underway with stakeholders.
 
Agrawal also said he is confident the mining behemoth would achieve its production target of 1 billion tonnes by 2025-26 (FY26).

“There is a strong case for increasing coal prices, as that has not happened in the past five-odd years. This year, the wage negotiation has taken place as well. This will have an impact on CIL’s financial condition, especially for a few subsidiaries like

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First Published: Mar 20 2023 | 6:31 PM IST

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