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New mines law may cost CIL Rs 2,000 crore

Smart Investor | October 2, 2011 | 11:24 am Energy Asia Europe Coal

-4.98%) Maharatna Coal India today said its profitability would be eroded by about Rs 2,000 crore per annum post enactment of new mines legislation which mandates coal miners to share 26% of their profits with project affected people. “It [new mines