PRICES FOR COAL IN INDIA WILL BE GIVING
The Indian government has taken a step, after which the price of paper and aluminum may increase. It is planned that these two sectors will no longer be the key to set sboek coal. For companies such as Hindalco, Nalco, Balco and Sterlite Industries may mean an increase in coal prices.
Now Coal India and its seven subsidiaries sell coal at prices ranging from 270 to 1,870 rupees per tonne, depending on the quality. The government has officially stated that if both sectors will cease to be the key, then the market it will mean an increase in the price of coal on the market by at least 15%. Coal India insisted on the exclusion of these sectors for the reason that they are not strictly infrastructure for the industry. This proposal was discussed by the Ministry of Coal Industry, Prime Minister#39;s Office and the Cabinet Office.
Manual aluminum industry said that #39;logic must be applied even to the cement sector, which requires the identification of key categories. Most of the coal consumed aluminum plants used to produce electricity for their own needs. More than 70% of the country#39;s coal is consumed by the energy sector, but the head of the coal industry claim that they have to pay the bills, put up by the market, as the prices of the final product of these industries are not controlled.
If the sector of aluminum and paper will no longer be the primary, it will be the second step to the dictatorship of the market price after the auctions, which Coal India has put in as a test. The government is already thinking about how to enable Coal India and its subsidiaries to sell 5% of its products to consumers through electronic auctions. In 1996, the government lifted restrictions on the prices of certain types of non-coking coal, coking coal and semi / weakly coking coal, according to rediff.com.
