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Coal India planning to leverage mining expertise for diversification

11 Dec 2017 Evaluate

Coal India, being the biggest miner in the world, is planning to leverage the expertise for diversification. The public sector coal major is contemplating foraying into mining of new minerals and metals like iron ore, nickel, bauxite and copper to harness its expertise. Moreover, the PSU coal miner is working on various areas including solar power.

Last month, Coal India had said that the modalities for diversification into new mineral mining were expected to be ready in the next few months.

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 420.80
NMDC 80.45
Ashapura Minechem 521.10
Sandur Manganese 179.40
GMDC 543.70
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