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13th April 2016, 02:42 PM
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Join Date: May 2012
Re: Coal India Videsh Limited

As you have asked about the Coal India Coal Videsh limited, I am giving you information about it, check below for the details


Coal Videsh” was formed with the intent of enhancing the energy security of
the nation.

CIL is pursuing acquisition of Coal assets abroad through Coal Videsh.

CIL has been making diligent efforts to acquire mines abroad through Coal
Videsh division by taking up equity stakes in working mines or green field
projects on production sharing basis.

Through this venture, CIL also envisages to imbibe “Transnational”
competence in coal business and transform itself into a global energy
company.

CIL has established a joint venture company ICVL, with NTPC, SAIL, RINL
and NMDC for acquisition of metallurgical and thermal coal assets out side
India.

Coal India already has a presence in Tete province in Mozambique where
exploration in 2 coal blocks is in progress.



Coal India Limited is pursuing a strategy for expansion of its international
business by:



–Making equity investment in brown-field and green-field coal mining
projects abroad.

–Initiating the process of selecting the Coal companies as prospective
strategic partners for it’s international operation.

–Evaluating proposal for acquisition of coal assets in Australia, Indonesia and
USA and has commenced the due diligence process.

–Earmarking Rs 60,000 million for the acquisition of international coal assets.


CIL intends to enter into a long term off-take arrangements for import of coal into India.

–RFQ ( Request for Qualification) has been floated and responses are currently being examined


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