Key Points
Coal India Ltd may devise a mechanism where a hike in coal prices in the future could be linked to inflation or some other parameters to avoid sudden increases, its chairman and MD Pramod Agrawal told ET...
"We are devising a mechanism through which sudden increase etc. will be done away with and will be linked with parameters so that smooth price increase can happen in future," he said, adding that when this will happen has not been worked out yet...
Prices of domestic coal used for generating power have not been revised in the past five years..
But volume sales also help in profit maximisation, Agrawal said, adding that since the company's fixed cost is high, any production increase has a good leverage for its bottom-line...
The company plans to produce 780 mt in ongoing fiscal, higher than FY23 production of 703 mt, which will bring output cost per tonne down, Agrawal said.. India's largest coal miner is looking to diversify its business in solar power generation and coal-to-chemical projects...
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