Coal India could be the knight in shining armour for the Centre, which is struggling to meet a part of its Rs 40,000 crore divestment target for this fiscal.
The government has asked for an indication on surplus cash with Coal India, informs chairman and managing director NC Jha. The decision on use of surplus cash, he said, will be taken by the CIL board. The richest public sector enterprise in terms of cash reserves wants interest on the money lent to the government.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
