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Tuesday, April 3, 2012
Unprecedented Move
Coal India limited ,A Maha Navratna Company, is given a presidential order to supply coal to power companies. Earlier, the company is given order by PMO office for the same. Buy, finally ,after sitting with indias top industrialists like Tata,Birla,ambanis , the government has decided that Cil will supply 80% of Coal from April. At, This is juncture ,it is necessary as the power companies are having coal shortage supply. It will help in solving the coal crisis. However, if one look from the company aspect, it is really a shame and loss of dignity that company do not enjoy its freedom -ship in the corporate world. In,todays world, it is highly appreciated that the company is independent in taling decisions, It may affect the investors also. The company has not come out with its annual financial report.
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