Opposing the proposal strongly by Independent directors which propose price pooling would largely help the new coastal power plants, mostly in the private sector, get imported coal at a subsidised price.
The board has asked the management to come back with a business model on price pooling. Coal India is facing dilemma over the coal being sold at a hugh discount to power producer (a move proposed by government) which is opposed not only by independent director but Institutional investor such as TCI.