CIL is likely to ink strategic partnership deals with three listed companies
abroad within six months, including Peabody Energy of the US. An investment of
about $1.8 billion (approx Rs 8,010 crore) is expected to be made in these
deals.
The deal with Peabody involves takeover of one of the latter's subsidiaries.
It is likely to give CIL access to four coal mines in Australia, along with
other overseas assets in the US and Indonesia. The mines produce both thermal
coal and metallurgical coal suitable for steel production.
This apart, the company is holding discussions with two listed companies in
Australia and Indonesia for acquiring equity stakes in assets, and the company
is looking at five other proposals for pure off-take agreements at competitive
prices.
Also See:
CIL
plans to set up two washeries (21-April-10)