MARKETS

BSE Prices delayed by 5 minutes... Prices as on Aug 21, 2018   ABB India 1272.05 [ 4.01% ]ACC 1640.2 [ 2.62% ]Ambuja Cements Ltd. 238.7 [ 4.03% ]Asian Paints Ltd. 1402.15 [ -0.48% ]Axis Bank Ltd. 636.2 [ 1.92% ]Bajaj Auto Ltd. 2727.55 [ -0.24% ]Bank of Baroda 150.7 [ -0.13% ]Bharti Airtel 367.75 [ -0.72% ]Bharat Heavy Ele 75.5 [ 0.80% ]Bharat Petroleum 369 [ -1.85% ]Britannia Ind. 6854.5 [ 1.19% ]Cairn India Ltd. 285.4 [ 0.90% ]Cipla 650.65 [ 1.08% ]Coal India 291.55 [ 2.59% ]Colgate Palm. 1164.25 [ 1.55% ]Dabur India 458.95 [ 1.15% ]DLF Ltd. 208.55 [ -2.91% ]Dr. Reddy's Labs 2412.45 [ 1.35% ]GAIL (India) Ltd. 378.2 [ -0.24% ]Grasim Inds. 1064.1 [ 2.12% ]HCL Technologies 1004 [ 1.33% ]HDFC 1912.7 [ -0.38% ]HDFC Bank 2094.85 [ -0.11% ]Hero MotoCorp 3309.6 [ 0.14% ]Hindustan Unilever L 1752.4 [ -1.30% ]Hindalco Indus. 226.35 [ -0.13% ]ICICI Bank 338.9 [ 0.16% ]IDFC L 52.75 [ 0.48% ]Indian Hotels Co 128.75 [ 2.26% ]IndusInd Bank 1975.6 [ -0.71% ]Infosys 1384.3 [ -0.06% ]ITC Ltd. 312.75 [ -0.11% ]Jindal St & Pwr 205.7 [ 0.15% ]Kotak Mahindra Bank 1263.6 [ -0.66% ]L&T 1322.15 [ -0.14% ]Lupin Ltd. 889.2 [ 2.23% ]Mahi. & Mahi 957.55 [ -1.12% ]Maruti Suzuki India 9105.05 [ 0.32% ]MTNL 15 [ -0.99% ]Nestle India 10887.8 [ 0.10% ]NIIT Ltd. 98.25 [ 6.45% ]NMDC Ltd. 103.6 [ -1.47% ]NTPC 161.2 [ 1.70% ]ONGC 169.75 [ 0.71% ]Punj. NationlBak 83.7 [ -0.59% ]Power Grid Corpo 187.25 [ -0.11% ]Reliance Inds. 1246.5 [ 0.94% ]SBI 306.9 [ -0.21% ]Vedanta 219.2 [ -1.17% ]Shipping Corpn. 58 [ -0.94% ]Sun Pharma. 635.25 [ 1.69% ]Tata Chemicals 706.9 [ 0.56% ]Tata Global Beverage 240.6 [ -1.78% ]Tata Motors Ltd. 269.05 [ -0.19% ]Tata Steel 582.25 [ -2.86% ]Tata Power Co. 72.35 [ 3.43% ]Tata Consultancy 2013.65 [ 0.16% ]Tech Mahindra Ltd. 708.25 [ 3.26% ]UltraTech Cement 4338.85 [ 0.89% ]United Spirits 621.95 [ -1.32% ]Wipro Ltd 288.5 [ 1.48% ]Zee Entertainment En 514.6 [ 1.67% ]

News Details

You can view in detail.
Coal India to pilot new billing system with NTPC 04/06/2018 07:33

Coal India Ltd will try out a new customer-friendly billing system for consumers with state-iwned power major NTPC on a pilot basis, in line with a global quality practice framework, a top official has said.

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

The GCV unit-based pricing of coal was first announced by Gopal Singh in January this year, when he was holding temporary charge as chairman of Coal India.

Singh had expected the rollout of the new pricing method from April this year.

"It has not started yet. It entails lot of things and that's why we are not in a hurry. Consumers should also agree. We are planning to carry out a pilot soon with NTPC," Coal India director (marketing) S N Prasad told PTI.

The trial will be conducted with 1-2 plants of NTPC and 1-2 mines of Coal India in the first round.

"After 2-3 months, we will analayze the results before taking a call on rollout in full scale," he said.

If the initial results are positive then the new pricing will cover all the NTPC plants in the second round before extending the new billing system to all consumers, Prasad said.

He said the pilot project will help the miner understand teething problems.

Coal India had also met the stakeholders to deliberate on the proposed pricing mechanism and claimed that most of them had supported it.

Asked why the rollout of the new pricing mechanism has been delayed, a senior official of Coal India said it is a major reform involving all the mines and requires a cautious approach.

You pay exactly what quality you get. For each GCV, 48 paisa will change either upward or downward from the median of each grade that the company has proposed," Gopal Singh had explained earlier.

Coal India has 17 grades -- from 2000 to 7000 GCV -- with difference of 300 GCV between two grades.

Coal India expects the new mechanism to bring down corruption and leave a positive impact on coal production.

Earlier, mining workers were not encouraged to cross a grade which was difficult but all miners will now be encouraged to produce more, Singh had said earlier

LOAD MORE