Coal India forced to sacrifice commercial interests, says Narsing Rao

The recent order by the Competition Commission of India slapping a penalty of Rs 1,773 crore on Coal India Ltd for abusing its monopoly position may prove an embarrassment for the Centre. The competition panel said the coal major incorporated one-sided clauses in the fuel supply agreements (FSAs) it signed for projects aimed at generating 78,000 MW of power, following a Presidential directive in April 2012.

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