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News Brief | February 2014

Coal India could have helped slash production cost by 12 percentage

Coal India Ltd could have helped power companies save their production cost by 12 per cent, or 35 paise a unit, if it had kept coal prices lower by using the money that it would pay as interim dividend, power sector executives said. The state-run monopoly coal supplier declared a dividend of Rs.29 a share. The central government will get close to Rs.20,000 crore in the form of dividend.
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