TCI VS COAL IN­DIA

India Today - - BUSINESS & ECONMY -

Hedge fund share­holder de­mands Coal In­dia be man­aged dif­fer­ently

TCI

The low pric­ing of coal is lead­ing to a loss of Rs 95,000 crore ev­ery year.

CIL

Coal prices are lower for the ben­e­fit of electricity con­sumers.

TCI

Gov­ern­ment is abus­ing the rights of mi­nor­ity share­hold­ers un­der the garb of public in­ter­est.

CIL

Al­ways men­tioned in the IPO prospec­tus that the Gov­ern­ment would di­rect pric­ing if a key sec­tor like power was in need of re­forms.

TCI

Rais­ing div­i­dend to 90 per cent of prof­its will ben­e­fit both the Gov­ern­ment and mi­nor­ity share­hold­ers.

CIL

Prof­its have gone up in the cur­rent fi­nan­cial year and they have al­ready been given a larger div­i­dend.

It is in­cor­rect to per­ceive that there is an abuse of mi­nor­ity share­hold­ers.

SRIPRAKASH JAISWAL Coal Min­is­ter

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