Coal India could have helped slash production cost by 12%: Power Companies - The Econom... - 0 views
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KOLKATA: Coal India Ltd could have helped power companies save their production cost by 12%, or 35 paise a unit
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The state-run monopoly coal supplier on Tuesday declared a dividend of Rs 29 a share.
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CIL increased coal prices by a minimum 30% for all thermal coal used by power companies over the past three years
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This article explains how production costs in India could have been cut if Coal India had kept prices lower. The article also tells us that the company has a monopoly on the industry and is state-run which has lead some people to criticise the government. The company has been accused of protecting its own interests by raising prices to cache its bank balance.