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CIL's new pricing method

CIL's new pricing method
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A change has been announced by Coal India (CIL) in the pricing method for its non-coking coal, which should help the company improve price realisation per unit and maintain its profitability. Non-coking coal is mainly sold to power-generating companies and contributes nearly three-fourth of the company's total sales. The state-run company benchmarked the pricing for non-coking coal to gross calorific value (GCV) from the current useful heat value (UHV) based gradation.

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