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177 mines of Coal India downgraded on quality concerns

177 mines of Coal India downgraded on quality concerns

Monday, April 17, 2017, 8:41 AM

The national coal quality watchdog has downgraded 177 of Coal India Ltd’s 413 mines, potentially impairing the monopoly miner’s profitability, starting from the current year. The downgrades took effect 1 April. A total of 2,636 samples from the miner’s seven subsidiaries were examined and that led to the downgrading of 177 mines, said a key official at Coal Controller’s Organization (CCO), the watchdog.
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