SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Coal India to acquire two Australian companies for over $4 billion

17 Jun 2013 Evaluate

Coal India, state run miner has decided to acquire two Australian companies for over $4 billion. With this initiative, the company aims to import 28 million tonnes high quality thermal coal a year. The company has sent the proposal to pick majority stakes for $2 billion each in the two companies, with annual output of 12 million tonnes and 16 million tonnes, respectively.

This acquisition process is likely to take at least three months because, it will conduct a due diligence through its merchant bankers on the assets to make sure the return on investment is in stipulation with the government norms. Recently, CIL received 32 proposals when it floated an expression of interest for acquiring assets overseas, from countries including Indonesia, Australia, USA, Mozambique, Chile and Columbia.

Coal India Share Price

434.75 -4.30 (-0.98%)
01-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
Coal India 434.75
NMDC 84.40
GMDC 610.65
Sandur Manganese 207.10
MOIL 278.05
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: