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Raising Coal Royalty may affect Power Tariff - Mr Sumanta Choudhuri

Coal News - Published on Mon, 16 Sep 2019

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PTI, citing Sumanta Choudhuri Union Coal Secretary, reported that the Centre has to think seriously before deciding on the demand to raise the rate of coal royalty. Coal bearing states like Odisha are demanding that the Centre increase the royalty on the fuel. Mr Choudhuri told reporters after a meeting with Odisha Chief Secretary AK Tripathy we have to keep in mind that coal is mostly used as a raw material in thermal power plants across the country. In case the price of coal increases due to revision of royalty, the power tariff may have to be enhanced. There should be a balance between the coal royalty revision and power tariff.

Tripathy had earlier said Odisha has been losing a sizable amount of revenue due to delay in revision of the coal royalty. The coal royalty was last revised in 2012.

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Posted By : Rabi Wangkhem on Mon, 16 Sep 2019
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