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Directive to Coal India only strengthens our case, says Children's Investment Fund

The Government's decision to issue a Presidential directive to Coal India to sign 20-year fuel supply agreements with power producers will only “strengthen” its legal case, The Children's Investment Fund has said. Speaking to Business Line over telephone, Mr Oscar Veldhuijzen, partner at TCI, the London-based activist fund, which is the second largest shareholder in CIL, said that the Government was “shooting itself in the foot.”

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