ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Coal India raises prices by 20% despite weak demand

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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more