Coal India Ltd., the nation?s monopoly producer, is looking at 10 proposals in Indonesia, Australia and the U.S. for strategic coal alliances, which could include taking equity stakes in mines, A.K. Sarkar, director of marketing, said today in an interview.
?Nothing will deter us from acquiring any strategic asset of any kind in order to continue to be the biggest supplier of coal,? Sarkar said. ?We?ve been a producer of coal but now we?ll have to become an importer. We see this as an opportunity to increase our profits.?
CWK Price at posting:
31.3¢ Sentiment: LT Buy Disclosure: Held
