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OSCAR VELDHUIJZEN
TCI may exit Coal India completely, criticised for not giving emphasis to shareholder valueTCI held 63.6 million shares representing a 1.01% stake in Kolkata-based Coal India as of March 2013, according to information on the BSE w...
Written 3 letters to govt demanding hike in CIL’s prices: Oscar Veldhuijzen, TCI"Many companies which are not politically connected failed to get the FSA coal and are forced to buy at market prices. This is unfair and t...
Coal India Ltd net profit to soar if prices raised to global level: TCI"If coal prices were raised to international market levels, the net profits would increase More than two times to Rs 55,000 crore," it said.
Coal India should pay 100 pc of its profits as dividends: TCIAccording to the fund, Coal India’s Rs 65k cr cash-pile, which is equivalent to 30 pc of the company’s market capitalisation, allows such a...
- UK-based The Children's Fund demands higher dividend from Coal India
UK-based The Children's Fund (TCI), which holds a little over 1% in Coal India, has demanded that the monopoly should pay out 100% of its n...
TCI sues CIL directors for causing Rs 2.15 lakh crore loss to the companyTCI estimates that, by the end of current financial year, CIL will lose over Rs 8,700 crore in pre-tax profits due to reversal of price inc...
How and why transparency in boardrooms helps both India Inc & investorsThe good news for investors — and for the future of India Inc — is that this “free-will” party may finally be coming to an end.
- Power plants to use only quality, washed coal: Environment Ministry
The environment ministry has issued stringent notification for power plants in urban and industrial areas to use only washed coal, which is...
- PSUs must declare financial impact of government directives
Standing Committee on Finance has suggested a mandatory requirement for state-owned companies to disclose the financial impact of governmen...
- UK-based The Children's Investment Fund serves ultimatum to Coal India Limited
TCI has delivered an ultimatum to CIL, giving the company time till the end of the month to set out a clear, unambiguous and verifiable pat...
- TCI frustrated with India's response; charges government of agenda to deny allegations
TCI that holds about 1% in CIL said there seemed to be a pre-determined agenda to deny all the allegations and repeatedly state that there ...
CIL agrees to FSAs but will pay only a marginal penalty for defaultCoal India will sign fuel supply agreements (FSAs) with power companies in a few days but it will pay only a marginal penalty for default.
UK-based hedge fund TCI says legal action against CIL in a weekThe development comes close on the heels of CIL getting ready to ink fuel supply pacts with power firms for a minimum assured supply under ...
- TCI says legal action against CIL in a week
UK-based hedge fund TCI has said it would initiate a legal action against state-run Coal India (CIL) within a week for failing to protect t...
- Luthra & Luthra to fight TCI's case against Coal India
TCI said govt's decision to ask CIL to sign long-term fuel supply agreements with pvt power producers is 'prejudicial to public interest an...
- Government may force Coal India to commit supply to private companies for 20 years
The coal ministry asserted its position on Friday with a stern letter to TCI - which holds 1% equity in the company. It
Coal India rejects PMO diktat on fuel supply to power sectorOfficials said the core issue, which remains unresolved, is a clause in FSA that imposes financial penalty on CIL if it fails to deliver 80...
- CIL board still undecided on fuel supply agreements
Private power producers' hopes to secure low-cost supplies from Coal India continued to hang in the balance as its board could not approve ...
- TCI asks government to persuade CIL to buy back shares worth Rs 43,000 crore and boost share value
The plan by TCI could boost CIL's per-share earnings and help partially meet government's revenue target from disinvestment.