Coal India accused of hoarding cash, TCI wants shareholders to be paid dividends
fe Bureau: Mumbai, Feb 20 2013, 03:42 IST
has already filed a petition in the Kolkata High Court, seeking compensation of R1,500 crore from the board of CIL for alleged under-pricing of coal that led to revenue losses running into crores. TCI has argued that coal prices are completely de-regulated and the coal ministry does not have legal authority to interfere with the discretion with CIL, which it has been doing on a regular basis.
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