CIL to move to new pricing mechanism by July 2018

CIL expects to introduce the new gross calorific value-based coal pricing mechanism by July 2018. Earlier, the company had proposed to release the new pricing mechanism in April 2018. As per CIL, the new system would require 100 per cent sampling of coal for all consumer categories and will, therefore, require more time for implementation. Currently, 97 per cent sampling is done for the power segment but only 26 per cent of all despatches to the non-power segments are sampled.

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