The Independent – India’s coal problems are getting worse and are in the news for all the wrong reasons. The industry has been failing the country for years by not maximising the output of efficiently mined coal. As a result, power supplies have been crippled because of coal shortages, and the government has failed to act.
Now the government faces legal action for forcing Coal India (CIL), which it controls, to curb price rises and thus breach its fiduciary responsibilities as a public quoted company – CIL floated 10% of its shares on the stock market 18 months ago.
