Mumbai, April 10 -- Despite spiraling operational costs, on account of increased prices of explosives and industrial diesel, the State owned Coal India (CIL) is absorbing the price shock insulating India's coal users from escalating cost burden. Any pass through of the mounting prices would lead to a cascading effect. The company is also compensating the increased price of the industrial diesel to the contractors, operating in CIL's mines, who purchase it in bulk quantities.

Published by HT Digital Content Services with permission from Capital Market....