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Coal India Ltd To Acquire IOC Explosives Arm For Supplying Ammonium Nitrate-Business Standard


Wednesday, 11 Sep 2013 06:25am EDT 

Business Standard reported that Coal India Ltd has lined up a dual strategy to meet its demand for explosives. The Company is set to acquire Indian Oil Corporation's explosives division and would also become a supplier of ammonium nitrate, so that manufacturers can produce it for them on a contractual basis. The terms of the transaction were not disclosed. 

Company Quote

356.4
-1.7 -0.47%
28 Aug 2014