HC gives The Children's Investment time to respond to Coal India issue
Agencies: New Delhi, Dec 07 2012, 19:21 IST
the end of current fiscal, "CIL will have lost Rs 8,700 crores in pre-tax profits by reversing the price increase of December 31, 2011. Further, by failing to raise FSA coal prices to market levels, the directors have cost CIL a staggering Rs 215,250 crore in pre-tax profits since the IPO".
The petition before the Calcutta High Court is likely to come up for hearing on December 12.
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