Coal India's CMD should be replaced, says UK-based TCI

The hedge fund company further said in the letter that Rao had recently admitted that the cost base of CIL has risen sharply year-on-year due to significant fuel and wage cost increases as well as general inflation.

Transport Corp to invest Rs 150 cr on expanding services

The company will invest about Rs 60-70 crore on setting up new warehouses across the country and about Rs 40 crore on buying new trucks, Transport Corporation of India's Joint Managing Director Vineet Agarwal said.

FSA coal price: TCI warns CIL of legal recourse

TCI is the biggest foreign investor in CIL and has a minority stake in it. It has been accusing the PSU of not protecting minority shareholders' interest and harming the company by not opposing fuel supply agreements (FSA).

CoalMin says issues with TCI could be solved amicably

The Coal Ministry Tuesday said there was no need for arbitration with The Children's Investment Fund and the issues could be solved amicably, amid the London-based hedge fund alleging violation of international treaties related to its investments in Coal India.