March 11, 2013 7:20 PM

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Coal India Ltd. creates Rs 35000 cr war-chest for acquisitions

State-owned Coal India Ltd (CIL) has created a war-chest of Rs. 35,000 crore for acquisition of coal assets abroad during the period to 2017, Coal Minister Sriprakash Jaiswal said on Tuesday.Replying to supplementaries in the Rajya Sabha, he said CIL plans to invest 25,400 crore Rs during the XIIth Plan Period (2012-17).Of this, Rs 4,484.62 crore will be in existing mines and another Rs 11,385.05 crore in ongoing projects.

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