State-owned Coal India Ltd (CIL) hiked thermal coal prices for both power and non- power consumers with immediate effect, a decision which electricity producers said would jack up energy prices by up to Rs 0.50 per unit.
The company has hiked prices of non-coking coal which will raise average coal price by about 8.5 per cent, CIL chairman Gopal Singh told PTI.
The miner said the hike has been made for the survival of the company which requires implementation of cutting-edge new technologies and environment sustainability. Read More…
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