Singareni hikes power grade coal prices 15%

Price increase in G6 - G17 grade coal confined only to supplies to power generation companies

State-owned Singareni Collieries Company Limited (SCCL) has increased the prices of power grade coal by 15 per cent. The increase came into effect from September 12. The price was increased on coal of  G 6 to G 17 grades and this has been confined only to the supplies to power generation companies, according to a company spokesperson. The hike comes after a gap of five years in some of these grades and nine years in others, according to the official. “The decision was overdue as Coal India had increased the prices in June this year. Since we increase the price of coal ...