Coal Price Hike: Pramod Agarwal, chairman of public sector company Coal India Limited (CIL), said on Monday that the price of coal can be increased soon. At present, talks are going on with the stakeholders regarding this. CIL Chairman Pramod Agarwal expressed confidence that the company will achieve the target of one billion tonnes of coal production by 2025-26. He said, “All circumstances are in favor of increasing the price of coal. Coal Price Hike has not increased in the last five years.
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Apart from this, he told that talks are also going on regarding the salary this year. Which will affect the financial condition of the company. This will especially affect some subsidiaries where the cost of human resources is very high.
At the Coal Markets Conference organized by mjunction, Pramod Agarwal said, “If the price is not increased, many problems will arise. Talks are going on with the stakeholders in this regard and this step will be taken soon.
Regarding the production target of one billion tonnes, he said that it will be achieved by 2025-26. However, achieving the target will depend on the need of the country and the growth of the private sector. He told that the company wants to increase underground coal production from the current 25-30 million tonnes to 100 million tonnes by 2030.