Coal Price Hike: Electricity can be expensive! Coal India has hinted at increasing coal rates

Coal Price Hike: Electricity can be expensive!  Coal India has hinted at increasing coal rates
Coal Price Hike News : You may have to pay more for electricity bills this summer as coal for power plants may be expensive. Coal India has indicated to increase the price of coal in the coming days. Coal India Chairman Pramod Agarwal has said that there is a strong case for raising coal prices and prices may be hiked soon. He said that talks are also going on with the concerned parties in this direction.
 
Chairman of Coal India said that Coal India has increased coal prices for the last five years. have not done He said that this year there has been a discussion regarding the wage hike of the employees, this may affect the financial health of Coal India, especially the subsidiary of Coal India which has manpower.
 

Pramod Agarwal said that if Coal India does not increase the price of coal, it may cause many problems. are He said that the target of producing one billion tonnes of coal by 2025-26 has definitely been achieved.

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However, it is not so easy for Coal India to increase the price of coal this year. Lok Sabha elections are going to be held in the next year 2024. The increase in coal price means that this decision will affect the price of many industries including energy, cement, due to which inflation is likely to increase. In such a situation, there is apprehension about whether the central government will give the green signal to increase the price of coal or not. A slight decline of 2.39 percent has been registered in the share of Coal India. Shares of Coal India are trading at Rs 216.35, down by Rs 5.35 on the stock exchange.

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