Coal India Ltd is contemplating a major diversification as it plans to produce oil and gas from its coal in a big way as growth from its core activity is declining.
It also plans to enter commercial production of coal bed methane and expand presence in thermal & solar power generation, company executives said.
“The board of directors of Coal India is seriously contemplating diversifying into energy-related fields. The proposals are to be placed before the company board soon. While Coal India is yet to take up coal to oil and coal gasification, it has already tested the waters in thermal and solar power generation and coal bed methane.Read More…
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