No plan to hike coal prices this year, says minister
The government on Thursday said it will not raise the notified prices of coal this year, a decision that will help steel and power firms that are battling high input costs. "There is no plan to increase the notified prices of coal this year. Instead, we will enhance our production and reduce operational costs,' minister of state for coal Santosh Bagrodia said. Prices of coal sold to firms in power, steel and other sectors varies between Rs 600 and Rs 1,600 per tonne, depending on its grade.