Coal India Ltd.

Coal India (CIL) is likely to review the price of regulated coal meant for core industries in the next three months. Within the next three months the company will be able to get indications of the wage hike impact, so it will look into price of regulated coal price. Regulated coal for the core sector accounts for almost 77% of total coal off take for CIL. The world's largest miner will take up coal price for all grades except A and B.

In February, the price of grade A and B coal was hiked by 150% and some other grades for non-regulated consumers. Coal price for the regulated sector was not touched for the last two years.

Coal India is the largest coal producing company in the world, based on the company’s raw coal production of 431.26 million tonne in fiscal 2010. As of March 31, 2010, the company operated 471 mines in 21 major coalfields across eight states in India, including 163 open cast mines, 273 underground mines and 35 mixed mines, which include both open cast and underground mines.