Faced with a number of problems, producer Coal India Limited (CIL) announced the deferral of its planned price rationalisation in order to cope with higher production and the liquidation of rapidly rising pithead stocks.
Rising coal production, expected to hit the 550-million- tonne mark by the end of current financial year, and a government directive to liquidate stocks would not go down well with a hike in prices at this point of time, a senior CIL official said.
