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ICVL exit: CIL to take final call in next board meet

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Press Trust Of India Kolkata
Last Updated : Nov 12 2012 | 12:53 AM IST

Mining major Coal India Ltd is likely to take a final call on its exit from International Coal Ventures (ICVL) in the next board meeting. In May, Coal India, among the two largest shareholders of ICVL, had said it intended to quit the PSU consortium.

But, with ICVL making attempts to keep the consortium intact, there was a strong possibility that CIL may drop its exit plan, said sources.

CIL had earlier felt continuing with ICVL only involved financial burden, without commensurate advantage.

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First Published: Nov 12 2012 | 12:53 AM IST

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