Aluminium
companies having large smelters at advanced stages are likely to bid
more aggressively in the upcoming India coal block e-auction than the
cement and steel sector players, whose margins have similar (but
lower than that for aluminium) level of coal price sensitivity,
according to a report by ICRA.
The
financial year 2014-15 has been a year of immense significance for
the domestic coal sector. The various policy actions of the SC and
Government of India have created an environment of rule-based coal
mine allocation in the country, as against a “non-transparent”
and “arbitrary” practice prevailing earlier, as observed by the
SC.
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