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NMDC Ltd On Lookout For Coal Mines While Staying In NTPC Limited And Others' IVCL Fold-CNBC TV-18
CNBC TV-18 reported that NMDC Ltd is on the lookout for coking coal mine acquisition on its own, both in India and abroad, even as it continues to stay in the International Coal Ventures (ICVL) fold. For coal mines acquisition abroad, ICVL was incorporated in May 2009 as a joint venture between five state-run firms. Steel Authority of India Ltd (SAIL) and Coal India Ltd (CIL) each hold 28% stake and Rashtriya Ispat Nigam Ltd (RINL), NMDC and NTPC Limited (NTPC) 14% each in ICVL.
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