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pricing: Coal India to adopt more transparent pricing system | The Economic Times

Coal India will start charging prices determined on the basis of paise per unit of energy for various grades of coal to be sold from next month.

The state-owned company has called a meeting of stakeholders in the power and non-power sectors to brief them about the new pricing system, to be notified this week, and clarify any doubts.

“We will explain the new system to consumers and take their feedback, after which prices under the new system will be notified. We will be migrating to an international pricing system,” said a senior executive of Coal India. “It will be for the benefit of consumers.”

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 1 kg of coal for the consignment.

“This system will bring in more transparency,” said Gopal Singh, Chairman of Coal India. “It will be streamlined and consumer-friendly. The new pricing system is based on the global system of coal pricing instead of band-based pricing system.”

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pricing: Coal India to adopt more transparent pricing system – The Economic Times.

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