4.15 (0.99%) Coal India is reportedly planning to form joint ventures with the Indian Railways and private companies for rail projects that can also generate revenue from third parties that use the facilities.
The company is looking at revenue based partnerships to ramp up some 50 projects that can ease the congestion in coal movement in the country. In this regard, the company has recruited AK Maitra, former additional member traffic of the Railway Board, as an advisor.
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.