GMDC to gain from rise in imported coal prices, GST

GMDC to gain from rise in imported coal prices, GST

Development Corporation is likely to benefit from rising prices in international market. The company has been weighed down by falling coal prices since FY12. The sharp rise in the imported coal prices has made lignite 30% cheaper than imported coal. This may lead to a spike in demand for lignite and also provide GMDC with better pricing power. Read More…

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