Coal India's Indonesia foray hopes revive
PTI Coal India has plans to go for acquisition of coal assets in Indonesia after having failed in its attempt about a decade back. "In Indonesia, we are in touch with government companies there to see whether we can get access to coal licence," Coal India Chairman Suthirtha Bhattacharya said here. Coal India had been scouting for coal assets in several countries including Indonesia but the same had not materialised. India is a key market for Indonesian coal. Data from the commerce ministry shows that during April-June this year, India imported 23.40 million tonnes (mt) of coal. CIL is eyeing acquisition of coal assets in Indonesia, South Africa as well as in Australia, Bhattacharya said. The CIL ...
