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Web Exclusive | January 2013

CIL did not discuss price hike issue in board meet

Although Coal India (CIL) has not discussed the issue of raising coal price in the recent board meeting, there is market speculation that the company may raise prices in the coming months.

S Narsing Rao, Chairman of the firm denied that the board discussed price issue in the recent meeting. But he did not give any firm reply when reporters asked about proposal of a coal price hike before March, 2013.

He, however, said that Coal India did not require any government approval for a price hike. There had been cost pressure on CIL of around Rs 550 crore owing to increase in diesel price last September.

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