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Coal India falls as PIL filed against new pricing in WB/news09012012

Monday, January 09, 2012

Shares of Coal India dropped over 2%, touching the day's low of Rs313.05, after the company has been refrained from implementing the new pricing regime in West Bengal till January 16

The Kolkata-based company had shifted to the international pricing, based on gross calorific value ( GCV), from January 1.

A division bench, hearing a public interest litigation ( PIL) filed by activist Subhas Datta, said it was “not an order but an observation.'
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