Directive to keep Coal India in focus

The stock of Coal India will be in market focus following the Government's decision to issue a Presidential directive to the company to sign 20-year fuel supply agreements with power producers. The Children's Investment Fund, which is the second largest shareholder in CIL, is already planning legal action against the company on this issue. Meanwhile, the Coal Minister, Mr Sriprakash Jaiswal, has said: “If someone had bought the Coal India stock thinking the company will run the way they want or the way the market wants, it is not possible,” and he added, “whosoever bought Coal India shares, knew it well that it is a Government company and that our Government is committed to follow a socialist path.”