CIL to get Rs 660 crore as net quality bonus this fiscal
State-run Coal India (CIL) is likely to receive Rs 660 crore this fiscal as a net quality bonus for supplying better coal than the declared grade as it already stands to receive Rs 571 crore on this account as of January this year.
The company’s third-party analysis conforming grade quality during April-February this fiscal improved to 65% against 59% compared to the same period last fiscal. The grade slippage during the third quarter was down to 34% compared to 41% the same period a year ago. During the first two months of the current fiscal’s fourth quarter, grade slippages declined further to 23% compared to 42% during the same period last fiscal.
