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CIL seeks new fields

Ranchi, Dec. 9: Coal India Limited (CIL) intends to venture into iron ore mining and steel manufacturing.

It also wants to seriously take up the new technology, which is being used to convert coal into petroleum alternatives.

Controlled experiments have recently carried out to convert high sulphur-content coal to petroleum products in Assam.

Union coal secretary P.C. Parakh, who was the chief guest at a national seminar, 'Coal mining: prospects and challenges', organised at Indian Institute of Coal Management (IICM) here today said CIL has actively been looking into the possibilities of a wide-scale expansion.

It is actively looking forward for investments in the power and mining sectors.

'In fact, the process of venturing into mining and power sectors has just been initiated. We thought that if others can do business largely on minerals provided by us, why should we not do it ourselves' We have recently held meetings with the National Thermal Power Corporation and the Navelli Lignite. The proposal will take a concrete shape in a few day's time,' Parakh later told The Telegraph.

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