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India's coal firms face rising debt as auctions loom

Aggressive bidding may increase acquisition costs, while staying away isn't an option as that would wreck projects

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India's top court in September cancelled almost all of the 218 coal mining permits given since 1993.

Mumbai

INDIAN billionaires seeking to regain lost coal mining permits face rising debt at their companies when they take part in auctions the government plans to hold early next year.

Aggressive bidding may increase acquisition costs, while staying away isn't an option as that