HBA Index definition
HBA Index means the FOB Price of Indonesian imported coal having 6322 kcal/kg Gross Calorific Value in USD / MT notified by Govt of Indonesia on monthly basis "HBA Price" shall mean the HBA Index FOB price of Indonesian imported coal published by Govt of Indonesia from time to time for coal quality of 6322 Kcal/Kg, as adjusted for GCV (as billed) of coal consignment consumed in the Project as per the formula as stated in Annexure-A.