Coal India (CIL) has reportedly reduced prices of top grades of coal by up to 40% on account of more than adequate coal production as well as about 58 million tonnes of stock pile.
The coal behemoth’s decision to cut prices of high energy content coal that competes directly with imported coal by 10-40% for both power producers and non-power producers for the first time in three years follows a global price crash of the commodity. At present, the company has a total stock of 58 mt while another 39 mt of coal is piled up at the power plants.
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.
| Company Name | CMP |
|---|---|
| Coal India | 443.10 |
| NMDC | 88.45 |
| GMDC | 689.50 |
| Sandur Manganese | 212.40 |
| MOIL | 322.35 |
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