POWER

Decision to link price of coking coal to imported dry fuel under consideration: Centre

The government on Tuesday said that for higher supply of coking coal in the country and to ensure that it is provided at a cheaper rate, it is considering measures like linking the price of domestic coking coal to the imported dry fuel.

The development assumes significance in the wake of an inter-ministerial panel suggesting formulating an import parity-based pricing mechanism for domestic coking coal factoring the quality parameters.

“For higher supply of coking coal in the country and to ensure it is provided at a cheaper rate, the decision to yet reduce ash percentage with upgraded technology and the price of coking coal to be linked to imported coal are the measures under consideration,” the coal ministry said in a statement.

Source
Zee biz
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