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“Financial viability has to be the cornerstone. No project will be taken up until it achieves an internal rate of return of 16% at constant prices” Partha Bhattacharyya |
Coal India came about as a consequence of the oil-price shocks in the early 1970s. The government set up a high-powered committee to examine its energy options and decided that coal should be the mainstay of energy security in the country. The coal industry at the time was growing at about 2.2%
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