(FE)
Coal India Ltd will try out a new customer-friendly billing system for consumers with state-owned 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 a 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 a 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.
