State-run Coal India Ltd , saddled with millions of tonnes of unsold coal, is expected to be the biggest beneficiary of a controversial government decision to more than halve the sales tax on the fuel after a jump in local supplies.
The world’s third-largest greenhouse gas emitting country said last Friday it would lower the duty on coal from July 1 and impose a new 18% tax on solar cells and modules as part of a broader tax overhaul.
