Business Standard

Coal India needs to raise prices, but caught between political constraints

The state-owned miner needs to raise prices but it is caught between the political constraints on its major buyer, electricity producers and close decision-making control by the coal and power

coal, fossil fuel
Premium

Photo: Bloomberg

Subhomoy Bhattacharjee New Delhi
Last month, Coal India (CIL) Chairman Pramod Agrawal made a case for raising the price of domestic coal, unchanged since 2018. Though he has good reason to argue for the rise, he will probably not be involved when the final decision is made, either way. He will not be the first one.

To test the waters, CIL’s sister concern, Singareni Collieries Company Limited (SCCL), raised by Rs 100 per tonne the price of all types of coal it sells, with effect from April 1. But this is minor. Compared to Indonesian Kalimantan coal ruling at $178 per tonne, CIL and

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in