Spot power tariffs at the Indian Energy Exchange (IEX) remained on the higher side during April and May.
Coal India’s net profit for fourth quarter of 2017-18 was Rs 1,295.34 crore.
Almost 50% of producing of a tonne of coal is the wages and salaries bill. This is expected to rise marginally once the wage hike is introduced.
Falling mining investment, which partly reflects tighter environmental policies at banks, and a steady demand in Asia is expected to keep prices steady.
The extent of the hike in a consumer’s electricity bill will depend on state power regulator who decides on how much of hike in power purchase costs is to be passed on.
The additional supply will be enough to fuel almost 4,000 MW of power plants through the year, which will rise as more coal is transported, the executives said.
Anil Kumar Jha is slated to retire in less than two years
They have raised objection through the Association of Power Producers, which urged the coal and power ministry to stop export of power generated from coal priced at a discount and meant for consumption in India.
A senior executive of NTPC said, “Outstanding as a result of mismatch in actual quality of coal delivered and the quality on which billing has been done is around Rs 1,400 crore.
The company feels the policy will break nexus that often develops between group of executives and other external parties leading to vigilance cases.
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