TCI VS COAL INDIA

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