Tag: Coal Assets Acquisition

SAIL, RINL and NMDC, consortium members of ICVL under the administrative control of Steel Ministry, are keen to form special purpose vehicle (SPV) to buy Rio Tinto’s Mozambique Coal mines. ICVL was formed with an objective to secure supply of metallurgical Coal and thermal Coal. It comprises of 5 members namely SAIL, NMDC, RINL, CIL…