According to Coal India, the increase is being effected after a gap of two years. The last price revision took place in December 2007.

As reported, the basic price of run-of-mine coal for Eastern Coalfields (ECL) and Bharat Coking Coal (BCCL) has increased by 15%. However, the prices of coal produced by the company’s other subsidiaries including Western Coalfields, Northern Coalfields, and Central Coalfields have been increased by 10%.

Coal India said that ECL is also authorized to set a special price for its A & B grades of Raniganj coal at a level commensurate with price of imported coal. Both BCCL and ECL were suffering from lower returns because of high cost of production of quality coal.

Coal India is a public sector undertaking of the Indian Government.