The Coal allocation sweepstakes

Fidelity (Photo credit: roujo)

And like the jumbo jackpot in the sweepstakes, the CAG report choose to value the losses as every penny of extractable reserves from the Coal field allocations with 33000 MM Tonnes of coal realising a INR 10 tln loss to the exchequer or whatever new price is assumed. That is a bit like charging L&T INR 100 bln for the INR 100 bln of assets Fidelity sold to them, much to Fidelity’s delight!

Comments are closed.

Up ↑

%d bloggers like this: