India's National Mineral Development Corporation (NMDC), the Steel Authority of India Ltd (SAIL), Coal India Ltd (CIL), Rashtriya Ispat Nigam Ltd (RINL) and National Thermal Power Corporation (NTPC) have set up a special purpose vehicle (SFV) to acquire coal mines abroad. The companies are reported to be set to invest Rs 10,000 crore (2.5 billion dollars) for the purpose.
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