The recent surge in international coal prices and pet coke may prove to be a boon for Coal India as it can now expect increased sales, particularly of the higher coal grades, to both the thermal and non-thermal consumers.
Imported coal prices, late June onwards, surged by over 30%. This month, imported coal of 6,000 GCV (gross calorific value) costs about $ 65 or Rs. 4348 a tonne on an average while pet coke surged by 73%. During January, pet coke was priced at $ 53 a tonne which has now increased to $ 92 or Rs. 6153 a tonne.