Coal India Ltd.

Coal India (CIL) is open to acquiring the US-based company in its entirety. Massey Energy is the fourth-largest coal company in the United States, with reserves of about 2.3 billion tones. CIL, sitting on a cash reserve of Rs 39,000 crore may go ahead with the plan of bidding for Massey.

It is also in advanced stages of talks to buy a stake in Peabody's asset in Australia for about $200 million. Peabody Energy Corp is the world's largest private sector coal company, and its Australian subsidiary, Peabody Energy Australia has eight mines in Queensland and New South Wales, and active coal trading in all major Australian coal regions.crackcrack