Coal India on Wednesday said it was expecting to earn a net quality bonus of Rs 660 crore, allaying concerns over grade slippage. As of January 2021, Coal India stands to receive Rs 571 crore as net quality bonus for providing better quality coal than the declared grade.
Coal quality has been a key concern for thermal power generators who have taken up the issue of grade slippage with the power ministry. The difference in billed coal grade and actual coal supply is also a concern among the non-power consumers of the miner.
Coal India officials, however, said the notion that customers are billed for higher grade coal that the one actually supplied is “misconceived”.
