Coal India to enter advance agreements overseas for coking coal
Coal India Ltd (CIL) will get into advance agreements with some overseas markets for securing coking coal before going in for asset acquisition.
According to Union Coal Minister Pralhad Joshi, “freezing” the order in advance will help the country secure coking coal at a competitive price.
“As of now, the thinking is not to acquire any assets, it’s only to freeze the order in advance and get the coking coal at a competitive price,” he told newspersons on the sidelines of the 8th Asian Mining Congress and Exhibition here on Wednesday.
