Price realisation of coal by CIL via FSA dips 3.4% in Q3

Average price realisation of coal sold by CIL through fuel supply pacts fell 3.4 per cent to Rs 1,182 per tonne in October-December in comparison to the previous quarter, Parliament was informed today.

"Average price realisation of coal sold by CIL(Coal India)through Fuel Supply Agreement (FSA) for the quarters ended December 31, 2017 and September 30, 2017 is Rs 1,182 per tonne and Rs 1,224 per tonne, respectively," Minister of Coal Piyush Goyal told Lok Sabha in a written reply.

Goyal said CIL's production target for 2017-18 has been fixed at 600 million tonne (MT) and the PSU has produced 383.93 MT coal in April-December.

"Owing to less demand of coal from January-July 2017, which resulted in accumulation of coal stock in the pithead of CIL, the production was restricted in the early part of 2017-18," he said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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