Coal India Ltd (CIL) plans to invest Rs 6,000 crore in foreign acquisitions this financial year and is currently evaluating 10 overseas proposals that include five proposals for equity infusion. The proposals cover mining assets in countries such as the US, Australia and Indonesia. “In addition to our capex plan of Rs 3,800 crore for...
Coal India shortlists miners in Australia, Indonesia, US; imports to continue for foreseeable future; domestic coal prices to rise, supply growth restricted Mumbai: State-run Coal India, the world’s largest coal miner, is moving swiftly towards signing strategic alliances to help fill India’s yawning coal supply-demand gulf, its director of marketing said on Wednesday. They would...