Coal news and updates

DoD plans overseas roadshows for CIL stake sale

The department of disinvestment (DoD) is likely to embark on eight-day roadshow in London and some cities in the US from Monday to woo foreign investors for further 5 per cent stake sale in Coal India Ltd.

"The eight-day roadshow in places like London and some of the cities of the US, to attract foreign investors in CIL will begin from Monday," said an official.

However, he added: "This is a non-deal roadshow. The entire purpose of this roadshow is to tell the investors about CIL as a company and the kind of reserves it has."

Source: PTI