Central Mine Planning and Design Institute (CMPDI), consultancy arm of Coal India Limited, signed an MoU with SBI Capital Markets for cooperation in areas of strategic business.
A CIL statement said the MoU was for cooperation in areas of strategic business and commercial interest.
"The collaborative move, between the two leading houses, is a step towards tapping each other's strength to increase their respective market share in the rapidly growing consultancy arena," the statement said.
CMPDI with expertise of mineral exploration, resource evaluation including CBM/CMM, resource management, mining, geology, hydro-geological & geophysical studies, engineering geology investigations, mineral processing under its belt shall provide technical advisory support for the assignments undertaken by SBICAP.
Due diligence for the overseas coal and mineral property for the clients, advising bidders in mineral sector for mineral property and advising overseas governments for managing mineral sector constitute broad areas of cooperation under the MoU, the miner said.
The scope of work and commercial arrangement shall be agreed mutually for each assignment.
Disclaimer: No Business Standard Journalist was involved in creation of this content
