Tag: CIL
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CIL to Shut-Down 37 Under-Performing Mines this Fiscal
Aimed at inducting efficiency in its mining operations, Coal India Limited (CIL) plans to close down 37 mines, which are incurring financial losses on account of low output, by the end of this fiscal. The plan seems to have originated in the wake of the spate of the shrinking profit margins of the state-run coal…