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CIL coal is far more competitive than Indonesian coal-I: How is it calculated?
Oct 04:
Coal India Ltd claims that its coal is significantly more competitive than Indonesian coal
8The pithead price of CIL coal of G12 grade was compared with FOB price of Indonesian coal of 3400 Kcal/kg.
8In other words, CIL coal is among the cheapest in the world.
8And this does not include ocean freight, port handling charges, CVD, clean environment cess, excise duty and CST/VAT
8The pithead CIL price was found to cheaper than FOB price. In fact the average cost of production for CIL is USD 16 per tonne @ Rs.68 per USD. This includes high cost underground coal comprising 6% of production.
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8The pithead price of CIL coal of G12 grade was compared with FOB price of Indonesian coal of 3400 Kcal/kg.
8In other words, CIL coal is among the cheapest in the world.
8And this does not include ocean freight, port handling charges, CVD, clean environment cess, excise duty and CST/VAT
8The pithead CIL price was found to cheaper than FOB price. In fact the average cost of production for CIL is USD 16 per tonne @ Rs.68 per USD. This includes high cost underground coal comprising 6% of production.
Click on Reports for more
