Bharat Coking Coal Ltd has cut the prices of high volatile medium coking (HVMC) coal across three grades lying in the lower end of the specification table.
The company has highlighted that the price revision would be applicable on washery grades (W-IV, W-V and W-VI) for regulated sector consumers only, while price of remaining grades of HVMC coal would remain unchanged.
| Grades | Ash Content | Latest Price | Previous Price | % Change |
| W-IV | 28-35% | 2340 | 2600 | -10% |
| W-V | 35-42% | 2185 | 2427 | -10% |
| W-VI | 42-49% | 2029 | 2254 | -10% |
Prices in INR/MT
Applicable on FOR basis exclusive of taxes, cess and other levies
Market participants have anticipated that the price reduction was carried on the account of sharp decline in sales volumes following demand dip faced by almost all its consumers during the lock-down.
It is pertinent to note that CIL is responsible for revising the price of non-coking coal, whose current rates are in effect since Jan’18. But, in case of coking coal, individual subsidiaries are allowed to adjust the prices. In fact, the previous revision of coking coal prices by BCCL was carried out on 6 Sep’19.
BCCL was the largest coking coal producer in FY20 with an output of 25.78 MnT, which was more than 90% of its annual production volume.
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