Coal India mulling 5-10% price hike

In a bid to offset higher cost, Coal India, the world’s largest coal miner by output is mulling 5-10% price hike. In this regard, the company will be discussing the issue with Ministry this week. Recently, the company reported provisional production of 37.51 million tonnes in April 2014, as against target of 37.61 million tonnes. The company’s total off-take for the month of April stood at 40.54 million tonnes as against a target of 45.17 million tonnes. Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.