(a) whether the price of coal has been increased by the
coal companies recently;
(b) if so, the details thereof;
(c) the hike in coal prices effected during the last three years;
(d) the norms/criteria adopted by the coal companies to
regulate hike in coal prices;
(e) whether the recently effected increase was based on
input costs, inflation index, market trends, etc; and
(f) if not, the reasons therefor, company-wise?
MINISTER OF STATE (IC) IN THE MINISTRY OF COAL AND MINISTER
OF STATE (IC) IN THE MINISTRY OF STATISTICS & PROGRAMME
IMPLEMENTATION(SHRI SRIPRAKASH JAISWAL)
(a) to (f): A statement is laid on the Table of the House.
STATEMENT AS MENTIONED IN LOK SABHA STARRED QUESTION NO.95
FOR ANSWER ON 25.11.2009 ASKED BY DR. MURLI MANOHAR JOSHI
AND DR. MONAZIR HASSAN
(a)&(b): Yes Sir, Coal prices have been increased
with effect from 16th October, 2009. Run of Mine
(ROM) coal prices in all coal companies of Coal
India Limited (CIL) other than Eastern
Coalfields Limited (ECL) & Bharat Coking Coal
Limited (BCCL) have been increased by 10% for
all grades of coal over the then existing prices
and such increase in respect of coal produced by
ECL and BCCL is 15%, except for the portion of
Raniganj coal of Grades A & B from such mines of
ECL,which are supplied under Memorandum of
Understanding (MOU) to specific consumers at special price.
(c) : The position with regard to the last three years
is given below :
(i) Coal prices were revised on 13th December 2007.ROM coal prices for all
coal companies of CIL other than North Eastern Coalfields (NEC) were
increased by 10% for all grades of coking and non-coking coal, over the then existing
prices and in case of NEC the increase was 15%.
(ii) Coal prices of NEC were further revised on 09th March 2008.ROM coal
prices of all grades of coal of NEC were increased by 50% over the then existing
prices.
(iii) Coal prices were last revised in the current
year on 16th October 2009, the details of which are given in the reply to part
(a)&(b) above.
(d): The hike in the coal prices has been so regulated to ensure that –
(i) it remains competitive vis-Ã -vis price of imported coal,
(ii) the market is able to absorb such hike in coal price,
(iii) it generates additional resources in meeting the
additional recurring expenditures,
(iv) it generates additional resources for fresh
investment in new projects.
(e): Yes sir.
(f): Does not arise in view of the answer to part(e) above.