Coal India Ltd.

Coal India is going to hire merchant bankers to carry out financial due diligence for acquiring equity stakes in identified mines and companies in Australia as part of its plan to meet the growing dry fuel demand in the country.

The company has identified coal assets in Australia for acquiring equity stakes along with offtake rights in an asset or a company.

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.