Coal India To Ensure Low Prices: Min

<?xml version="1.0" encoding="UTF-8"?><root available-locales="en_US," default-locale="en_US"><static-content language-id="en_US"><![CDATA[<p>Coal India will implement a new pricing mechanism by the month-end but will ensure this will not result in higher prices for power producers, coal minister Sriprakash Jaiswal said.<br><br>Earlier this month, the state-run miner decided to benchmark the pricing for non-coking coal to gross calorific value (GCV) from the current useful heat value (UHV) based gradation, a move that is expected to push up costs for cement and steel makers.<br><br>"We are going ahead with GCV pricing. But all complaints of power producers will be addressed by month-end," Jaiswal told reporters, assuring there would be minimal impact on power companies.<br><br>(Reuters)</p>