SAIL SEEKS TO ACQUIRE COKING COAL ASSETS OVERSEAS

摘要

State-run Steel Authority of India (SAIL) is looking for coking coal asset acquisitions abroad to reduce its dependence on imports, the company noted in a recent presentation to the new steel minister, Chaudhary Birender Singh. Although the fundamentals for overseas purchase are conducive now with the fa!! in coking coal prices, sources said SAIL's precarious financial condition could prove to be a stumbling block.