{"id":96101,"date":"2023-03-20T12:40:00","date_gmt":"2023-03-20T07:10:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=96101"},"modified":"2023-03-20T12:36:57","modified_gmt":"2023-03-20T07:06:57","slug":"wb-coal","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/wb-coal\/","title":{"rendered":"Strong case to hike coal prices, could happen soon: CIL chairman"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4268156977\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Coal India Chairman Pramod Agrawal on Monday said there is a &#8220;strong case&#8221; for increasing coal prices, and the hike could be effected &#8220;very soon&#8221; as discussions are underway with stakeholders.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2581841564\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Agrawal also said he is confident the mining behemoth will achieve its production target of 1 billion tonnes by 2025-26.<\/p><p>&#8220;There is a strong case for increasing coal prices, as that has not happened in the last five-odd years. This year, the wage negotiation has taken place as well, which will have an impact on CIL&#8217;s financial condition, especially for a few subsidiaries where the manpower cost is very high.<\/p><p>&#8220;There will be a lot of problems if prices are not hiked. Discussions are underway with stakeholders&#8230; It will happen very soon,&#8221; Agrawal said at the Indian Coal Markets Conference here organized by Mjunction.<\/p><div class=\"trade-content_5\" id=\"trade-8647803\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Elaborating on the 1 billion tonne production target, he said though CIL is on course to achieve this by 2025-26, it will depend on factors like the need of the country and the growth of the private sector.<\/p><p>&#8220;What is important is the readiness to produce. No country can develop unless its energy resources are secured &#8211; so we should be in readiness to produce if requirement is there, if not, the output can be adjusted accordingly,&#8221; Agrawal said.<\/p><p>The CIL chief added that the company is aiming to raise underground coal production to 100 million tonnes by 2030 from around 25-30 million tonnes at present. PTI RBT JRC JRC<\/p><div class=\"trade-after-content\" id=\"trade-893006764\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Coal India Chairman Pramod Agrawal on Monday said there is a &#8220;strong case&#8221; for increasing coal prices, and the hike could be effected &#8220;very soon&#8221; as discussions are underway with stakeholders. Agrawal also said he is confident the mining behemoth will achieve its production target of 1 billion tonnes by 2025-26. &#8220;There is a strong [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":23647,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-96101","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Strong case to hike coal prices, could happen soon: CIL chairman - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Coal India Chairman Pramod Agrawal on Monday said there is a &quot;strong case&quot; for increasing coal prices, and the hike could be effected &quot;very soon&quot; as discussions are underway with stakeholders.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/wb-coal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Strong case to hike coal prices, could happen soon: CIL chairman\" \/>\n<meta property=\"og:description\" content=\"Coal India Chairman Pramod Agrawal on Monday said there is a &quot;strong case&quot; for increasing coal prices, and the hike could be effected &quot;very soon&quot; as discussions are underway with stakeholders.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/wb-coal\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-20T07:10:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/Coal-India-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"PTI News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/Coal-India-Cover-Image.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"PTI News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/wb-coal\/\",\"url\":\"https:\/\/tradebrains.in\/features\/wb-coal\/\",\"name\":\"Strong case to hike coal prices, could happen soon: CIL chairman - 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