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Demand slump a bigger risk for CIL than commercial mining
May 18, 2020 | By Livemint.com
business
Coal India’s relief of ₹5,000 cr to customers and lowering reserve price in auctions have unnerved investors.With no clear end to the lockdown in sight, demand can only worsen which will hit Coal India's financials
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The governments move to facilitate private sector participation in coal mining, remove end-user restrictions and move to a revenue-sharing mechanism has hit shares of Coal India Ltd (CIL). The stock slumped 6%, closer to its 52-week low. Coal Indias relief of
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