Coal India gives go-ahead to domestic firm for coal bed methane extraction

State-owned CIL NSE 0.63 % has given a go-ahead to a domestic firm for a Rs 1,880-crore coal bed methane (CBM) extraction project.

The coal behemoth has in the second week of June invited bids from both domestic and overseas companies for two more coal bed methane projects.

The letter of acceptance was issued to a coal bed methane developer by Coal India Limited (CIL) this month.