INDIA: Joint venture construction plans for proposed 1 million ton per year coking coal mines, STEEL AUTHORITY OF INDIA LTD. (SAIL) & BHARAT COKING COAL LTD. (BCCL) [India] Order #: 107405.

WWP-Business Opportunities in Asia & the Pacific, October, 2005

PROJECT OVERVIEW:

The local STEEL AUTHORITY OF INDIA (SAIL) is now involved in a big expansion plan that is aimed at increasing its production capacity to 20 million tons per year of steel by 2011/12. As a result, SAIL recently initiated a dialogue with its coal-mining subsidiary, BHARAT COKING COAL LTD. (BCCL), regarding the establishment of a joint venture company for developing coking coalmines.

Although the size of the planned investment has not yet been revealed it is nevertheless known that the would-be venture would be interested in mining at least one million tons per year of coking coal.

SAIL, a state-owned company, employs a total staff of about 137,000 engaged in the manufacturing of iron and steel products. It is also involved...

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