Coal India devises strategy to stave off impact due to mine grade revision

There is a consequence of revenue loss arising out of grade revision of its 177 mines

Coal India may consider revising coal prices this year in case sales volume doesn’t pick up to compensate for the revenue loss arising out of grade revision of its 177 mines.

A senior company official said while the company had suffered poor sales in the last financial year as sales volume grew only 1.6 per cent cent at 543.16 million tonne (mt), against the targeted 8.8 per, on account of lower-than-estimated power demand, the situation is gradually improving and Coal India is likely to meet its offtake target in the coming months.

“We expect sales volume to pick up in