Coal India is seeking to raise prices to mitigate high input costs on account of high diesel and explosives prices, among others. Coal India has not raised prices in the last four years. As per the company, increasing coal prices remains difficult in the current context when the economy is grappling with high inflation.
Besides, the company is hopeful of reaching close to the H1 production target of 306 million tonne by September. For FY23, the annual production target is 700 million tonne. Coal India expects to achieve production levels of above 900 million tonne by 2024-25.
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 | 442.45 |
| NMDC | 89.49 |
| GMDC | 698.00 |
| Sandur Manganese | 216.75 |
| MOIL | 324.85 |
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