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Coal India plans to acquire 20-30% stake in Australian coal mining company: Report

03 Oct 2018 Evaluate

Coal India is reportedly planning to pick up 20-30% stake in an Australian coal mining company. With this deal, the company will ensure stable supply of coking coal, which can be supplied back to India at cheaper rates as compared to global prices.

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 422.80
NMDC 80.39
Ashapura Minechem 515.55
Sandur Manganese 180.60
GMDC 545.00
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