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Coal India Ltd Sets $1 Billion For Overseas Acquisition-DJ


Thursday, 6 Jun 2013 07:36am EDT 

Dow Jones reported that Coal India Ltd has kept aside about $1 billion for foreign acquisitions in the current fiscal year, a senior executive said, as the state-run company looks to increase supplies of the fuel in the local market. Coal India, the coal company by output, is looking for overseas assets to meet increasing demand from consumers such as power producers in India. Its plan to increase local production is hit by delays in getting clearance, especially from the environment ministry, for new mining projects. 

Company Quote

377.85
0.7 +0.19%
26 Dec 2014