Coal price hike:SAIL didn't turn up for talks with CIL

State-owned Coal India raised the prices of coking coal in January without any discussion with its key customer SAIL as the steel major did not turn up for deliberations despite repeated pleas by the miner, a top official said today.

The steel PSU has expressed concerns over the 20 per cent hike in prices of coking coal, which is a key raw material in steel manufacturing. SAIL had said that it was in talks with the miner over the price hike as it was difficult for it to absorb the increase.

"It was explained to us (Coal Ministry) by Coal India that it has a mechanism with SAIL in which there is MoU and they jointly discuss and arrive at some price. Coal India and CCL, BCCL had been trying to request SAIL to come and participate but SAIL did not participate," Coal Secretary Susheel Kumar told

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