Coal India Ltd on Tuesday said the miner has not raised prices of the dry fuel in the last four years to ensure its supply at competitive prices to consumers compared to the international market.
While addressing shareholders at the company’s 48th AGM, chairman Pramod Agrawal said that the CIL is committed to increase its production and supplies to the mandated levels to ensure that the country gets power at a “just” price.
Coal India meets 80 per cent of the country’s dry fuel requirement.
“At a time when international coal prices are much higher, Coal India continues to supply its coal to Indian consumers at highly competitive prices, with no price increase over the last four years,” Agrawal said without elaborating.
The CIL chief had said earlier that the company was in discussion with all “stakeholders” on revising coal prices in the wake of a jump in operational cost.
