NLC to buy coal mines abroad
Navratna public sector enterprise Neyveli Lignite Corporation (NLC) will acquire coal mines abroad to fuel its power sector expansion plans in the country. The company has got request for partnership from miners in Asia and Africa. The company wants to work in a JV with overseas partners (mainly from Australia, Indonesia and Mozambique) to source coal to India. NLC has not disclosed the funds earmarked and the preferred deal size.