Coal India has decided to prepay the Japanese outstanding loan of Rs 300-400 crore, considering the depreciation of rupee above Rs 60 against dollar. The state run miner also wanted to prepay the World Bank loan on same ground, but there is no provision for early payment. It has extended these loans of about Rs 400-450 crore for development and modernization of the company in the past.
Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.
