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Wall Street Journal reported that approval is still pending for Coal India’s (BOM:533278) planned acquisition of coal assets outside the country.
Wall Street Journal reported that approval is still pending for Coal India’s (BOM:533278) planned acquisition of coal assets outside the country.
The market news is quoted as saying:
Nirmal Chandra Jha said the state-run company has identified an asset in each of the three countries with a value of up to 10 billion rupees ($224.71 million) each for potential acquisition, but is holding the plan for a lack of government approval.