Coal prices double as producers ignore non-power cos

Coal prices double as producers ignore non-power cos

As most of the coal producers in the country are paying heed only to power producers, other consumers are facing shortage of the commodity. It has also led to the price escalation of coal prices in last couple of months. As of now, the coal prices are quoted between Rs 3,500 and Rs 7,000 per tonne which are almost double compared to the prices prevailing three months back.

Market sources said that the Coal India Limited (CIL) and its subsidiaries have been giving top priority to power producing companies and supplying coal to them only. On the other hand, the coal producers are not fulfilling the demand raised by other consumers. “For the past few days, other consumers are not receiving coal as per their demand.

Moreover there is a huge hike in coal prices,” said the General Secretary of Central India Coal Dealers Association Rajendra Bansal adding that non-power companies including captive power plants are facing hardship. Read More

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