Bharat Coking Coal Limited (BCCL) has approved the implementation of interim measures cleared by Coal India Limited to mitigate the financial stress caused by the sharp rise in bulk diesel prices for eligible ongoing contracts.
Under the approved mechanism, diesel price variation payable to eligible heavy earth moving machinery hiring and coal transportation contractors will be linked to bulk diesel rates, subject to the terms and conditions approved by the competent authority. The financial impact of the measure is currently not ascertainable and will depend on the actual eligible claims.