Reliance eyes coal

Coal has started attracting the attention of Indian majors.

Reliance Industries is said to be talking to Coal India for a joint venture 80,000 bbl/day coal-to-liquid project. The project would require an investment of $5bn

This report in the Times of India says that Reliance has already asked the government for mines that can supply of 30m tonnes of coal annually. It has reportedly sought mines with a total reserve of 1,500m tonnes under the operational area of Mahanadi Coalfields.

There was no official confirmation from both the companies.


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