Coal India is likely to slash the prices of top grades of thermal coal, with calorific value of over 6,100 kilocalories (kcal) per kg. Prices of other grades between 5,500 kcal and 6,100 kcal, which are linked to landed cost of imports, will remain unchanged.
The entity has taken this initiative following the price revision of Singareni Collieries (SCCL) on the March 7. Owned jointly by the Andhra Pradesh Government and the Centre, SCCL priced its top four grades between Rs 3,336 and Rs 3,896 a tonne. In contrast, CIL prices are higher at Rs 3,970-5,095 at tonne.
