CIL to enter new mining areas: Official
Coal India is planning to diversify into new mining areas although it believes the fossil fuel to remain as the primary source of power generation for at least the next two decades, a company official has said.
“We do not want to be known as just a coal company. We want to diversify. We want to enter into metal mining like iron ore, bauxite and also plan to acquire some mines...Do mining activities abroad in the field of copper and nickel,” Coal India director (marketing) S N Prasad said at a coal seminar.
“We have core competence in mining and with this we want to diversify. Mining is the strength of the company and metal mining industry is one of this,” he said. The process of identifying the areas is underway, he added. Diversification into mining of other minerals could be done to lower the import bill of the country.
- Tata Motors Q4 net profit down nearly 50% to Rs 2,176 crore 24 May 2018 | PTI
- HPCL Q4 profit dips 4% on lower refining margin 24 May 2018 | PTI
- Markets succumb to late sell-off; metal, energy stocks sink 24 May 2018 | PTI
- Vedanta Resources operating profit up 27% to $4.1 billion in fiscal year 2018 24 May 2018 | PTI
- Worst for PSBs over; ‚Äėpain' for couple of quarters okay: Official 24 May 2018 | PTI
- Tata Motors Q4 net profit down nearly 50% to Rs 2,176 cr 24 May 2018 | PTI
- Pfizer Inc recalls 1.80 million vials of anti-biotics 24 May 2018 | PTI
- Govt working on long-term solution to fuel prices: Prasad 24 May 2018 | PTI
- Cabinet clears ordinance for amendments to bankruptcy code 24 May 2018 | PTI
- Bharti Group exits Biyani‚Äôs Future Enterprises 23 May 2018 | PTI
Sunday EditionView All
20 May 2018 | PNS
New Delhi: “Now, let us enjoy our holidays,” this is how the Supreme Court concluded the hearing on the Karnataka power row on Saturday. The courtroom burst into a bout of laughter as Justice AK Sikri, who headed the three-judge Bench, made the jovial remark ...