<p>India’s state owned Coal India Ltd said that rising costs mean it’s inevitable that it will be forced to hike prices of supplies in long-term deals to protect profitability. CIL Chairman Mr Pramod Agrawal said “coal-price increase is something where we have to bring all stakeholders on board. That process is on. Everybody understands that we have reached a point where coal price increase has become inevitable.”</p><p>CIL is facing pressure from high diesel prices and an increase in salaries of employees due retroactively from July. The higher costs threaten to eat into investor returns and potentially hinder its investment in mines and logistics infrastructure.</p><p>Coal India last raised prices in 2018.</p>
<p>India’s state owned Coal India Ltd said that rising costs mean it’s inevitable that it will be forced to hike prices of supplies in long-term deals to protect profitability. CIL Chairman Mr Pramod Agrawal said “coal-price increase is something where we have to bring all stakeholders on board. That process is on. Everybody understands that we have reached a point where coal price increase has become inevitable.”</p><p>CIL is facing pressure from high diesel prices and an increase in salaries of employees due retroactively from July. The higher costs threaten to eat into investor returns and potentially hinder its investment in mines and logistics infrastructure.</p><p>Coal India last raised prices in 2018.</p>
