In a move to adopt the best international practices, Coal India Limited (CIL) may benchmark its produce to gross calorific value (GCV) of coal, beginning January1. The move  which has the backing of the Union government  is expected to expand both the product as well as price range of offerings substantially. India is the only country among major producing nations which has yet to adopt GCV benchmarks.
According to sources, in a communication to the company in end-October, the Union Coal Ministry has strongly advocated switchover to the new system beginning 2012. The coal major on its part has also intimated the same to all mining subsidiaries.
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