Business Standard

Coal India cannot be left to market: Govt

Press Trust Of India  |  New Delhi 

Brushing aside criticism that it is running with a diktat, the government on Wednesday asserted that it cannot leave the PSU's functioning to market and minority shareholders. "Whosoever bought Coal India shares, knew it well that it is a government company and that our government is committed to follow a socialist path. If someone had bought the Coal India shares thinking the company will run the way they want or the way the market wants, it is not possible," Coal Minister said.

 

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Coal India cannot be left to market: Govt

Brushing aside criticism that it is running Coal India with a diktat, the government on Wednesday asserted that it cannot leave the PSU's functioning to market and minority shareholders. "Whosoever bought Coal India shares, knew it well that it is a government company and that our government is committed to follow a socialist path. If someone had bought the Coal India shares thinking the company will run the way they want or the way the market wants, it is not possible," Coal Minister Sriprakash Jaiswal said.

Brushing aside criticism that it is running with a diktat, the government on Wednesday asserted that it cannot leave the PSU's functioning to market and minority shareholders. "Whosoever bought Coal India shares, knew it well that it is a government company and that our government is committed to follow a socialist path. If someone had bought the Coal India shares thinking the company will run the way they want or the way the market wants, it is not possible," Coal Minister said.

 

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