Business
Coal India absorbs cost surge
State-owned Coal India Limited is absorbing rising input costs to protect consumers from higher coal prices, even as expenses for key inputs, such as explosives and industrial diesel, have surged sharply following the West Asia conflict.
The company said it has chosen not to pass on the increase, warning that doing so could trigger a cascading impact across sectors reliant on coal.
It is also compensating contractors operating in its mines for higher diesel costs.
