Coal India Limited (CIL) is planning to introduce a new pricing policy for coal in line with global practices, which will come into effect from April 1, 2018. As per the policy, coal pricing will be based on the per unit gross calorific value of coal instead of the grade policy followed till now. Under the current grade policy, consumers are required to pay a fixed price for a particular grade of coal irrespective of its energy content. The new policy aims to link the pricing of coal to its quality and is expected to have a positive impact on coal production. Recently, CIL also increased the price of non-coking coal by 9 per cent, thereby expecting to earn an additional Rs 64 billion during 2018-19.