Coal Investing News » NTPC will engage bankers to acquire overseas Coal Mines

NTPC will engage bankers to acquire overseas Coal Mines

July 19, 2009 @ 2:58 am In Coal Company News

State-run power generation company NTPC declared that it would appoint merchant bankers next month for acquiring coal mines identified by the company in Indonesia and Mozambique.

NTPC Chairman and Managing Director R S Sharma stated:

We will appoint merchant bankers to do the due diligence for Indonesia and Mozambique coal mines that we identified.

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