The Board of Directors of Coal India Ltd (CIL) on Friday approved a
proposal to adopt the internationally accepted, gross calorific value
(GCV)-based pricing mechanism beginning 2012. The new pricing
notification will be released on Saturday.
Price Rationalisation: �There is some (price) impact as we have brought in uniformity in
pricing (meaning coal of a particular GCV will be sold at the same price
by mining subsidiaries). The rationalisation was done keeping in mind
that the subsidiaries do not face adverse impact on revenue,� Mr Jha
told Business Line. �There may be some impact on prices
(excluding levies and taxes) but we do not foresee any major impact on
user industry,� he added. Asked if he could define an average increase,
Mr Jha said that it could not be done as the products are freshly
categorised.
Source: Business Line
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