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Public sector CIL needs new coal pricing approach
The Business Guardian
|June 30, 2023
Coal India Chairman said on Thursday that the company should continue to remain as a “government entity” in the future to maintain “price stability” of the dry fuel in the country and suggested an alternative methodology for coal pricing in future.
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In an interview with the media a day before his term ends as the head of Coal India on June 30, Agrawal said unlocking value cannot be the “sole” purpose of all enterprises. As a governmen-towned entity, Coal India holds the responsibility of ensuring that the benefits of coal production are distributed to the public, he said.
Agrawal also pointed out that the miner’s identity is synonymous with the country’s energy sector, and the present structure with CIL as the apex holding company is “strong and stable”.
This story is from the June 30, 2023 edition of The Business Guardian.
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