MUMBAI (NewsRise) -- State-owned Coal India has raised prices for the second time this fiscal year in a bid to boost revenue as the world's largest miner of the fuel grapples with muted demand amid a supply glut.
Coal India last week said two of its units have increased the prices of coking coal by 20%, a move that will bring its prices on par with international levels. The price hike of coking coal, which accounts for 10% of the company's total output, comes on the back of a more than two-fold jump in international prices.
