India forms arm to secure 500m tonnes coking coal abroad

India has formed International Coal Ventures Pte Ltd (ICVL) to acquire 500 million tonnes of metallurgical coal reserves abroad.

ICVL was formed to secure at least 10% of the 2019/20 supply for the public steel sector, and is looking at Australia,...

Published

Suresh Nair

July 15, 2009

04:46 GMT

Mumbai