Modulated Price 2025
Modulated Price 2025
To,
GM / HOD (M&S)
ECL, BCCL, CCL, NCL, SECL, WCL, MCL & NE,C
Subject: Revision in Modulated Price with WPI Indexation applicable from 00:00 Hours of
01.04.202s
Dear Sir,
CFDs CIL, in its 299tr' meeting dated 25.01 .2023 approved the modalities for Indexation of supply
price forNRS linkage auction on the basis of WPI index with effect from 0l .04.2023. CIL has
further communicated vide letter no. CILIM&S/E 103445018 Auction/48 dt. 30.03.2023 that
Modulated Price, applicable for NRS Linkage Auction, may be used as Base Price for arriving at
the Floor Price (with or without Add-on, as may be decided by the coal company) for Single
Window Mode agnostic e-auction to be held on and from 01 .04.2023.
As per decision of CFDs, CIL taken in its 299th meeting, the Modulated Price is to be calculated on
the basis of movement of final WPI index of December every year vis-ir-vis December last year
and will be made effective from l't of April of the following year, starting from I 't April2023 .
In line with the direction, revised modulated price to be made effective from 0:00 hours of
01.04.2025 and guidelines for determination by subsidiary coal companies under different cases is
enclosed as Annexure - A.
The coal companies are requested to implement the above decision of the CIL CFD with intimation
to the concerned consumers.
,ffi;
Sr. Manager(F/M&S), CIL
Copy to
GI > 7000 +*
,/$+(
Note:
a. For GCV exceeding 7000 Kcal /Kg, the price shall be increased by Rs. I 00/- per tonne over
and above price applicable for GCV band exceeding 6700 but not exceeding 7000 K Cal/Kg, for
increase in GCV by every 100 Kcal/Kg or part thereof.
b. The above modulated price has been calculated without any Add-ons. Any kind of source
specific addon i.e., price ofbase price ofauction ofrespective sources, it is to be determined by
respective Coal Companies as per approved modalities
c. The premium fetched at the time of auction will be applicable as a percentage over the
Modulated Price for supply of coal as per point l(e) of the approved modalities.
coal companies may calculate the Modulated Price for coking coal and washed coal as
the approved modalities for Indexation of supply price for NRS linkage auction and Single
Mode Agnostic e-auction. In case of Add-ons, if any, Subsidiary coal companies may
the Modulated Price as per approved modalities, using the WPI data at point 3 above,
into consideration all applicable Add-ons. i.e. the Modulated Price will be arrived at
applying the WPI movement factor both on Notified Prices and on applicable Add-ons.
/rAM