India looks set to keep searching for overseas coal. Though the country has the world’s fourth largest reserves, environmental restrictions mean production is struggling to keep up with demand from coal-hungry power stations. That explains why Indian firms like Aditya Birla Group, which is considering a bid for Australia’s $5 billion New Hope, are gobbling up overseas acquisitions.
You are here: Home / Latest / India’s quest for foreign coal looks here to stay-04 November 2011,Reuters
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