New Delhi, Apr 30 (PTI) Coal India Ltd (CIL) has sought suggestions from stakeholders on issues related to the proposed new pricing policy for coal which will be linked strictly to quality. Also Read - Coal India May Register De-growth in Production This Year

“The stakeholder consultation meeting with Chairman of Coal India was held this month. It was an interactive session with coal consumers to discuss CIL’s new pricing mechanism proposed with GCV-based billing,” a source privy to the development said. Also Read - RCap invites Nippon Life to acquire its stake in asset management JV

During the meeting, CIL had requested the participants from sectors like cement, steel and power for a detailed list of difficulties that they foresee in implementation of GCV-based billing system and suggestions for resolving the issues, the source added. Also Read - Were under pressure to say won't admit Kashmiri students from next session: Dehradun colleges

CIL on April 1 said it is working out the modalities to raise coal sales bills on gross calorific value (GCV) basis and it will soon intimate the implementation date.

In January this year, CIL had informed that sales bills will be raised on GCV basis with effect from April 1, 2018. At present prices are computed based on grade policy.

The new mechanism will compute prices on every unit of GCV of coal, doing away with the grade policy at present.

This is published unedited from the PTI feed.