Coal India Ltd (COAL.BO)
17 Feb 2017
Mon, Feb 6 2017
Feb 6 Coal India Ltd, the world's top coal miner, plans to acquire coking coal assets abroad as India lacks technology to economically develop local reserves, Coal Minister Piyush Goyal said.
BHUBANESWAR, India India's power and coal minister Piyush Goyal said on Friday there was no value in splitting up India's biggest coal producer Coal India Ltd and denied any plans to break it up.
NEW DELHI Senior Indian government officials tasked by Prime Minister Narendra Modi with reviewing energy security are recommending the break up of the country's coal monopoly, Coal India Ltd , within a year.
NEW DELHI India is trying to boost sales of its low-quality coal by offering more of the fuel at home and initiating steps to lower freight costs, while global prices are high, with the government hoping the moves will help cut imports.