Coal India Ltd. (CIL) said it plans to raise prices for the first time in five years to compensate for increasing wages, Bloomberg reported. Prices for top thermal grades will rise by 8%, CIL said in a statement, in a move that’s aimed at lifting revenue to help offset the impact of the rising cost of non-executive salaries. 

The increase involves higher-quality categories of coal used mainly by industrial customers rather than by power plants to generate electricity