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MAR 20 2017

Like gold, coal sector also to get a hallmark tag

  • Economic Times, ET Bureau / Hyderabad
  • Created: Mon 20th MAR 2017

Coal consumers locking horn with the Coal India over quality issues may be a thing of the past as hallmarking, used in gold jewellery, is being considered for the coal sector. “We will have hallmark grade of coal of each siding,” Coal Controller Anjani Kumar recently informed coal consumers and said that it would be done in association with the end users. The Coal Controller has engaged this year technical institutes like IIT BHU (Varanasi) IIT Guwahati and IIEST Shibpur for a fresh study on energy content of coal in the Coal India mines.

The academic institutions have been engaged not only for grading, but also for taking the samples in a scientific manner. “There would be no grade slippages. I am confident that consumers will get coal as per declared grade from 2017 fiscal year,” Kumar said. Industry sources said, so far it was like self- declaration by Coal India on quality grades which were normally accepted by the Controller office. Every year on April 1 coal grade booklet is released.

Coal Controller releases coal grades of mines based on which price of coal is fixed. It is, however, not clear the impact on Coal India from the re-gradation of coal based on calorific value. Former Coal India chairman Partha Bhattacharyya said it was difficult to predict whether there would be any negative impact on overall revenue due to fresh study.

“In some cases better grade of coal is coming out than declared grades. In some mines it may be downgraded, while in some cases it may witness upgrade,” he said.

Now, third party sampling is introduced to avoid pricing dispute. Coal India chairman Suthirtha Bhattacharya had said the miner was constantly working toward providing assured quality coal.

 

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