Hotline: 1800 102 2007
Hotline: 1800 102 2007
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
  • Furniture/Home Decor & Furnishing
    About Us : Bubblegum furniture, established in 2015, is a concept..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Lingerie & Innerwear
    About Us: Trylo Inner Luxury - the name says it all...
    Locations looking for expansion Gujarat
    Establishment year 1992
    Franchising Launch Date 2014
    Investment size Rs. 20lac - 30lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Surendranagar Gujarat
  • Fine Dine Restaurants
    About Us:  Meal O Drama is an award-winning modern bistro in..
    Locations looking for expansion New Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi New Delhi
  • Juices / Smoothies / Dairy parlors
    About Us: Established in the year 2017, SCOSSA, a venture of..
    Locations looking for expansion Haryana
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ambala Haryana
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