Coal India Limited (CIL) has initiated the process for procuring coking coal mines overseas in order to meet domestic demand. It has floated a global tender for appointing merchant bankers for the identification and execution of asset deals. In a separate development, CIL is planning to hold long-term special forward e-auctions for power producers with a flexible lifting period of up to three years. CIL is expected to notify the detailed offer along with the scheduled dates for the auction in the near future.
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