The Ministry of Environment And Forests wants power companies to go green while improving efficiency. So, it has drawn up new guidelines mandating the use of better quality coal, report CNBC-TV18's Ronak Jain and Ashmit Kumar.
Activist UK fund The Children's Investment Fund Management (TCI) threatened legal action against Coal India's directors for not protecting minority shareholder interests, underlining investor dissatisfaction with state-run Indian companies.
Coal India’s second largest shareholder, The Children’s Investment Fund is miffed about the company not standing up for the rights of its minority shareholders. In January this year, Coal India had raised prices of select grades of its output by changing the pricing system to gross calorific value from the earlier useful heat value system.
There has been a lot of protest about the draft mining bill and its impact on Coal India. The Children's Investment Fund Management, which has a large exposure to Coal India. In an interview with CNBC-TV18, Oscar Veldhuijzen, Partner of The Children's Investment Fund Management shares his views on the draft mining bill.