Coal India Requests More Details on Long-Term Supply Contracts

Reuters reported that Coal India (BSE:533278) said it would not commit to long-term supply deals before getting clarification on how the costs would be covered.

As quoted in the market news:

Prime Minister Manmohan Singh has directed Coal India to guarantee long-term supplies to the under-performing power sector, even through imports if needed.

Click here to read the full Reuters report.