Coal India, IL&FS to float JV

Coal India Ltd (CIL) and IL&FS Infrastructure Development Corporation Ltd (IL&FS IDC), today entered into a memorandum of agreement (MoA) to float a joint venture company, with 50 per cent equity contribution each by the two organisations, to undertake project development for mine, power and other coal-based projects. The MoA document was signed by NC Jha, director (technical) of CIL, and DK Mittal, managing director of IL&FS IDC, at the CIL headquarters in Kolkata today, in presence of CIL Chairman Partha S Bhattacharyya and other officials of the two organisations.

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