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Coal India to form two joint ventures for revival of Talcher unit

23 Dec 2014 Evaluate

Coal India has received ‘in principle approval’ from its board to form two joint ventures (JVs) for revival of Talcher unit. The first JV will be with GAIL for Coal Gasification while, another one will be with RCF for fertilizer i.e Ammonium Nitrate (AN) plants, coal mine, coal washery, power plant & utilities.

In first JV GAIL will be the major partner, while in the second JV Coal India will be the major stake holder.

Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.

Peers
Company Name CMP
Coal India 413.95
NMDC 72.86
Ashapura Minechem 489.10
Sandur Manganese 181.00
GMDC 477.00
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