Coal India Ltd (CIL) has failed to help power companies save their production cost by 12 per cent or 35 paise a unit. The state-run monopoly coal supplier could have kept coal prices lower by using the money that it will pay as interim dividend. CIL declared a dividend of Rs 29 a share. The Central Government, which holds 90 per cent stake in the company, will get close to Rs 20,000 crore in the form of dividend and dividend distribution tax.
Contact: Coal India.
Tel: 033-2248 8099.