PRICE OF CONTRACTED GRADE OF COAL. 11.1 The price to be paid by the Purchaser with respect to the Contracted Grade of Coal delivered shall be computed on the basis of the following formula: As Delivered Price of Coal = {[Annual Contracted Quantity] multiplied by [the sum of the Notified Price (or the latest Indexed Notified Price, as the case may be) and Winning Premium multiplied by (Notified Price (or the latest Indexed Notified Price, as the case may be))]}.
PRICE OF CONTRACTED GRADE OF COAL. The price to be paid by the Purchaser with respect to the Contracted Grade of Coal delivered shall be computed on the basis of the following: ▪ Wholesale Price Index (WPI) will be used for indexing of the basic price of NRS Linkage auction by applying on prevailing Modulated Price as on 31st March of the year(for the first year of indexing i.e. on 1st April 2023, WPI will be applicable on Notified Price to arrive Modulated Price). Indexation of basic price may be done to the extent of 25%(1/4th) of the movement of WPI. ▪ The change in price with WPI(Indexed Price) over previous year shall have an cap of +5%/- 2.5% at the upper end and lower end. ▪ The Modulated Price, applicable for supply, shall be the Indexed Price or and the prevailing notified price for NRS consumers, whichever is higher. In case of revision in Notified Price anytime during the year, the new Modulated Price shall be arrived by taking the Notified price or the prevailing Modulated Price, whichever is higher. The new Modulated Price will be effective from the date of such revision. The Modulated Price, so arrived, will be rounded off to the next higher integer. ▪ The Modulated Price will be calculated on the basis of movement of final WPI index of December every year vis a vis December last year and will be made effective from 1st of April of the following year, starting from 1st April 2023. ▪ The Winning Premium fetched at the time of auction (over Reserve Price ) will remain constant and shall be applicable as a percentage over the Modulated Price. ▪ In case there is change in Modulated Price during the course of auction of a subsector, either due to change in notified price or application of new Modulated Price(in April), the ongoing auction will continue with the earlier modulated price. However, during actual supply, the new Modulated Price will be applicable. ▪ CIL reserves the right to change/amend/modify the above mentioned indexation methodology/parameters and the same shall be binding on Seller and Purchaser for all commercial and operational provisions under this agreement. ▪ As Delivered Price of Coal = [aggregate of the (Modulated Price) and (the Winning Premium multiplied by Modulated Price)] multiplied by [the relevant quantity of the Contracted Grade of Coal supplied]. ▪ The As Delivered Price of Coal computed pursuant to the above shall exclude sizing charges, transportation charges up to the Delivery Point, rapid loading charges, statutory charges, levies and other char...
