Coal India Chairman suggests possibility of raising coal prices

According to Pramod Agrawal, the Chairman of Coal India, there is a 'strong case' for raising coal prices, and talks with stakeholders are ongoing, suggesting that the increase could happen in the near future. Agrawal also expressed confidence that Coal India, the mining giant, would achieve its goal of producing 1 billion tonnes of coal by 2025-26. He stated that wages have been negotiated this year, which would affect the company's financial situation, particularly for some subsidiaries where labor costs are high. This is the first time in about five years that coal prices have not been increased.