Question : SETTING UP OF COAL VIDESH LIMITED

(a) the present status of the proposal by Coal India Ltd. (CIL) to set up a new subsidiary named ‘Coal Videsh Limited’ for acquiring coal equities abroad; and

(b) the total estimated expenditure involved in the proposal?

MINISTER OF THE STATE IN THE MINISTRY OF COAL (DR. DASARI NARAYANA RAO)

(a) Coal India Ltd. (CIL) has proposed to set up a new subsidiary “Coal Videsh Limited” for acquiring coal equities abroad and the proposal is under consideration of the Government.

(b) No estimate of expenditure involved in the proposal has been made.