Coal India Says Output May Suffer Without a Price Hike
- Lower production would risk new threat to nation’s fuel supply
- Some units are being pressured by higher costs, chairman says
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State-run miner Coal India Ltd. warned production of the fuel may be hampered, risking new threats to the nation’s energy supply, if the company isn’t able to raise prices.
The world’s largest coal producer is facing cost pressures from a looming rise in salaries and on higher prices of diesel used to power mine equipment. Some of the company’s units are finding it “difficult to survive without a price hike,” Chairman Pramod Agrawal said on a call with analysts.