Standard Post with Image

Coal india to Ensure Low Prices for Power Producers

  • Coal India will implement a new pricing mechanism by the month-end but will ensure this will not result in higher prices for power producers, coal minister Sriprakash Jaiswal said.

  • Earlier this month, the state-run miner decided to benchmark the pricing for non-coking coal to gross calorific value (GCV) from the current useful heat value (UHV) based gradation, a move that is expected to push up costs for cement and steel makers.

  • "We are going ahead with GCV pricing. But all complaints of power producers will be addressed by month-end," Jaiswal told reporters, assuring there would be minimal impact on power companies.

Source