Hotline: 1800 102 2007
X
Search Business Opportunities
2011-05-09

Demand to rollback coal price hike

Coal India Limited increased the prices of A and B grade coal by 100 to 200 percent and prices of grade C and below by 30 percent. The price hike hit the sponge iron industry as the cost of production

Criticising state-run Coal India Limited (CIL) for "arbitrarily" raising coal prices, the West Bengal Sponge Iron Manufacturing Association (WBSIMA) Thursday demanded a rollback of the hike as it was affecting the sector.

 

"Coal India Limited increased the prices of A and B grade coal by 100 to 200 percent and prices of grade C and below by 30 percent. The price hike hit the sponge iron industry as the cost of production increased manifold," WBSIMA secretary Subhendu Bhattacherjee told a press conference in Kolkata.

 

"We had requested CIL authorities to be industry friendly. But within one-and-a-half years, prices of coal have been increased. The last revision was on October 16, 2009," he said.

 

Former CIL chairman and present director of Shyam Group Sashi Kumar said: "We are demanding rollback of the increased prices and a coal regulator to review coal prices.

 

Related opportunities
  • About Us: Shweta Gaur Make-up artist Salon is the salon of..
    Locations looking for expansion Delhi
    Establishment year 2009
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 1200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • About Us: The American School is a unique research-based endeavour..
    Locations looking for expansion Delhi
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 2lac - 5lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Skills / Personality Development
    SPOKEN ENGLISH COURSES with exclusive course material from OXFORD UNIVERSITY..
    Locations looking for expansion West bengal
    Establishment year 1935
    Franchising Launch Date 1992
    Investment size Rs. 5lac - 10lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Amherst street West bengal
  • Snacks / Namkeen shops
    About:     Started in India’s IT city Bengaluru, ‘Shake It Off’ is..
    Locations looking for expansion Karnataka
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts