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03 Jun

Indian watchdog criticises SAIL's excessive coal imports: reports

The Comptroller and Auditor General of India (CAG) has criticised Steel Authority of India Limited (SAIL) for its excessive imports of coking coal, despite having substantial reserves domestically, according to local press reports. CAG serves as a watchdog for public finances. Its audit report highlights that SAIL's significant reliance on imported coking coal has resulted in higher operational costs and has negatively impacted the company's financial perf…
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