Coal India is the stock on our radar as the company signed a wage agreement with workers’ unions for a period of five years. This agreement was higher than expected and brokerages have turned wary of the stock.
In an interview to CNBC-TV18, Gopal Singh, Chairman of Coal India spoke about the latest happenings in his company and sector.
Wage agreement has been unique. The main thrust has been to provide reliable and affordable power for all, he said.
Outgo on account of wage increase will be 100 percent compensated by improvement in production, he added. Read More…
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