CIL slashes coal prices

April 27, 2016

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Faced with mounting stocks currently estimated at 58-million tonnes, producer Coal India Limited (CIL) has slashed the prices of high-grade coal by around 40%.

A senior CIL official said that the reduction in prices had been put into effect from April on an experimental basis, but could be continued through the current 2016-17 fiscal year if lower prices proved successful in reducing existing stockpile and ensured higher off-take, particularly from the thermal power generation sector.

Category: General