Coal India has decided to replace its pricing policy from rupees per tonne to paise per unit of energy for different grades of coal sold from April 1, 2018.
The grading system, based on total energy content per kilogram, remains but the price of each consignment will be determined by a rate fixed for each unit of energy for that particular grade and the total energy contained in 1kg of coal for the consignment.
This means that the price of each tonne of coal will be based on its total energy content. Under the present system, the price used to be same for a range of energy content which was categorised as grades.
Coal India, however, has reduced the number of grades from 17 earlier to 10 under the new system. The broad category of grades has been divided into three — high energy content, medium energy content and low energy content. Read More…