New System of Coal Grading from January 2012
The Ministry of Coal is migrating to Gross Calorific Value (GCV) based grading system fro non-coking coals from the existing Useful Heat Value (UHV) based system with effect from 1st January 2012 which is an international practice. The new system is being introduced based on the recommendations of the Integrated Energy Policy Committee and the Expert Committee on Road Map for Coal Sector Reforms. The proposed new system of grading will create a win-win situation for both the coal consumer and producer by incentivizing improvement in quality resulting in better quality of coal to the consume and commensurate realization for the coal companies. The new system is not likely to lead to any significant change in the pricing.
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