New Delhi, Aug. 12

The Government on Tuesday ruled out increase in coal prices during the current financial year, while stating that its emphasis was on supplying affordable coal to everyone who genuinely needed it.

“We have also decided to cut the premium on the floor price for e-auctions to zero from five per cent,” said the Minister of State for Coal, Mr Santosh Bagrodia.

The Minister was addressing newspersons after a review meeting of production and dispatch performance of coal companies.

This performance review was primarily aimed at taking stock of present production trends and various initiatives and strategies initiated by coal companies to meet the demand for coal, both in the short-term and long-term.

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