India, Aug. 6 -- State-owned Coal India Ltd. (CIL) has emerged as the preferred bidder for the Gadadharpur iron ore block in Odisha, marking the company's entry into the iron ore mining sector.
The development represents a significant step in Coal India's diversification strategy beyond coal mining, as the company seeks to expand its presence amid the long-term energy transition.
Coal India, which accounts for over 80% of India's domestic coal production, said the acquisition of the iron ore block aligns with its broader strategy to diversify its mining portfolio and strengthen its long-term growth prospects.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....