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ICVL to restart operations in a few months SAIL Chairman
NEW DELHI: India's largest steel maker SAILBSE 0.68 % today said operations in International Coal Ventures Ltd (ICVL) -- the JV formed by five PSUs -- will resume operations in a few months as prices of coking coal have firmed up.
SAIL Chairman P K Singh told PTI that ICVL had suspended its work in Mozambique mine in December 2015 on the viability ground following a crash in coking coal prices. ICVL is a joint venture formed by five PSUs -- SAIL, RINL, NMDC, NTPCBSE 1.14 % and Coal IndiaBSE 2.30 % (CIL). Economictimes
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