In 2013, Coal India was fined the equivalent of €22 million by the Competition Commission of India for abusing its market dominance, including high prices for low quality coal and non-transparent supplier contracts1. The current Indian government is seeking to sell a further 10% of their stake in Coal India for about €2.9 billion and at the same time open the market to other private companies, reducing Coal India’s monopoly2.
- Menon, B. (2013): Coal India faces Rs 1,773 crore fine for abuse of dominant position; The Hindu Times, 10 December (accessed 23.10.2014) [↩]
- Singh, R. and Katakey, R. (2014): India steps closer to ending 40 year old monopoly on coal; Bloomberg, 21 October (accessed 24.10.2014) [↩]