Keen to expand its footprint across the border, Coal India (CIL) has initiated talks with Barapukuria Coal Mining Company (BCMC), Bangladesh’s sole coal producer, to help it explore coal mines as well as set up new projects.
BCMC is a subsidiary of the Bangladesh government-owned Petrobangla, with extremely limited mining capability. “We have visited Bangladesh and spoken to this company’s as well as Petrobangla’s top executives. We have asked them to revert with some geological data,” a senior Central Mine Planning and Design Institute (CMPDI) executive said. CMPDI is the technical subsidiary of CIL responsible for this project.
However, the official said that CIL was not interested in participating in a tender to bag an exploration contract and would be interested only if BCMC signs up with Coal India on a nomination basis. Read more
Latest posts by Business-Standard.com (see all)
- Welspun Corp bags large order for supply of pipes for oil & gas project - November 16, 2018
- 8-fold profit growth in Sept quarter, but legacy issues haunt Coal India - November 16, 2018
- As India fails to clean up its air, China is winning war on pollution - November 15, 2018