Coal India: Modified FSA notified: Lax on penalties, pooling finds no place
` Recalibrated penalties diluted by deemed delivery clauses
` Pooling of coal prices finds no mention, procurer will have to pay price of
imports
` We maintain a positive stance with a target price of Rs390
Kotak report link:
http://www.kotaksecurities.com/pdf/indiadaily/indiadaily28092012dj.pdf
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