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News Brief | January 2015

WCL proposes price hike on certain grades of coal

Coal India arm WCL has proposed to increase the price of coal by Rs 500 a tonne on certain grades of the dry fuel to make some of its projects viable.
´If sale price of Western Coalfields Ltd is increased by Rs 500 per tonne for G-8 and G-9 grades as a special dispensation to WCL, then some unviable projects will become viable on Notified Price,´ according to a presentation made by WCL to the Coal Ministry.
It further said that some of its coal mining projects which would become viable include Singori Open Cast, Hindustan Lalpeth OC, Kamptee Deep OC, Padmapur Deep OC and Dhau North Under Ground.
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