CIL seeks overseas coking coal mines to meet domestic demand

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.