CIL to price non-coking coal on per unit calorific value basis
Six years since replacing the erstwhile useful heat value (UHV) based pricing system with gross-calorific value-based pricing, Coal India adopted a new pricing policy on January 9 for non-coking... Coal India to adopt new billing mechanism for consumers from FY19
The world's largest coal miner, Coal India, will be shifting its billing mechanism for the consumers in-line with the global trend from the coming fiscal year. As per the plan, the sales bills would be raised based on the actual consumption of the gross calorific value (GCV) which is expressed as kilo calorie per kg of coal.Currently, the consumers are charged based on the coal grade. Under the prevalent system, a GCV range is decided for a certain grade of coal and prices are fixed as per the grade. But, under the new system, the consumer will pay exactly for the GCV he/she is consuming.At present, around 17 such grades with variable GCV ranges are in vogue.As per a Coal India official, the current pricing mechanism for a particular grade is based on the mid-point of the GCV range and is priced accordingly. However, under the revision it will be done away with.To ensure the same, Coal India will be introducing third party sampling of all despatches including auctioned coal. Based on . Shareholding for the Period Ended December 31, 2017
Coal India Ltd has submitted to BSE the Shareholding Pattern for the Period Ended December 31, 2017. For more details, kindly Click here We have not hiked coal price but rationalised it: Gopal Singh
The incremental revenue will be used by Coal India for building capacity. Coal India ups non-coking coal prices, expects to earn Rs 64 bn in Q4
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CIL has identified mines with a production capacity of 908 million tonnes so far CIL might suffer setback in Q4 e-auctions due to muted power sector demand
After a 76 per cent increase over the average notified price in the e-auctions during October-December last year, Coal India might see auction prices falling as demand from the power sector is expected to remain muted in the fourth quarter (Q4) of the current fiscal year.Analysts are of the view that power demand usually declines in the winters and with Coal India stepping up its sales, the country's power generators would be returning to near-normalcy latest by mid-February."In turn, this is going to affect demand from the power sector in the e-auctions", an analyst from Motilal Oswal said.In November 2017, despatches to the power sector rose by 9.1 per cent to touch 40.9 million tonne (mt) against the despatch of 37.6 mt in the year-ago period. Backed by robust demand from this sector, special forward e-auction prices rose by 35 per cent over the notified prices of the coal grades in November while for the Q1-3 period, the increase over notified price stood at 25 per cent.As per...