23 March 2012

Metals & Mining: CAG raises a ten-trillion-Rupee question : Kotak Sec PDF link

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http://www.kotaksecurities.com/pdf/indiadaily/indiadaily23032012.pdf


Metals & Mining: CAG raises a ten-trillion-Rupee question
` CAG pegs losses from coal block allocation at Rs10.7 tn - quantum
debatable, concerns valid
` 37 bn tons of coal allocation under scrutiny; cut-off for allocations only after
FY2004
` JSPL - extant earnings not impacted, raises question on option value of fuel
security

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