Shipping Corporation of
SCI recently reached a joint venture agreement with SAIL for the import of coking coal and is holding discussions with ONGC for offshore activities.
The joint venture is likely to be managed by the Shipping Corporation, as it has the domain expertise in the field. In addition, the proposed JV may also be allowed to look for more business opportunities in the area of coal supply logistics and could also own its vessels.
Coal India, whose initial public offer (IPO) will hit the capital markets on October 18 this year, plans to import 6 million thermal tonnes of coals in 2010-11, based on firm orders placed by companies like NTPC. While it has a presence in
| Company Name | CMP |
|---|---|
| Coal India | 438.70 |
| NMDC | 89.78 |
| GMDC | 733.40 |
| Sandur Manganese | 218.35 |
| MOIL | 327.60 |
| View more.. | |
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