Coal India Board has a big task to do today
Sucheta Dalal 16 Dec 2013

High dividend, buy-back and shares for employees are some of the bold moves that Coal India could make during Monday’s board meeting

 

AK Ramdas

 

As the world's largest coal producer, Coal India Ltd is now saddled with the task of dealing with a strong workers' union force that plans to go on a strike from 17th December to prevent disinvestment plans of the company. As a first step to dissuade this threatened strike action, the Union Government has decided not to off-load 5% stake in the company!

 

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