The Indian Government has said that it is planning to correct the glitches in the pricing system of Coal India and change it to reflect the true price of the coal it sells, media reported.
"It will now be corrected. Prices of each grade of coal will be uniformly spread based on the heat content across the range of coal the company sells." he added.
As per reports, the Government has asked Coal India to reduce the price of premium quality coal and increase that of the lower quality fuel.
Meanwhile, shares of the company were trading at Rs 358.80 a piece, up 0.39 per cent from the previous close at 11:36 hours on BSE.