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Kolkata, Sept 18: To ensure supply of coking coal for its plants, Steel Authority of India Ltd (SAIL) has initiated dialogue with Bharat Coking Coal Ltd (BCCL), a Coal India subsidiary, for setting up a joint venture company for developing coking coal mines.
“We have initiated talks with BCCL for exploring the possibility of forming a JV for mining of coking coal in Jharia coalfield,” SAIL sources here told PTI.
Asked about the size of the project, the sources said the company would be interested in mining at least one million tonne of coking coal annually from it. But it was still in a nascent stage. To another question, the sources said no decision regarding the size of investment has yet been taken.
Admitting that discussions were being held with SAIL for starting a JV company with BCCL for developing a mine at Kapuria Bloc in Jharia coalfield, CIL sources said that Tata Steel has also shown similar interest and held dialogue with CIL.
—PTI
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