The International Coal Ventures (ICVL) consortium has
submitted a bid for buying a coal asset in Mongolia, an official said on
Thursday, to meet rising demand for the key raw material in Asia”s
third-largest economy. Ajay Mathur, nodal officer for ICVL, also told reporters
the consortium was hopeful of acquiring two to three coal assets in Australia
and Indonesia this year. The state consortium comprises NTPC, Steel Authority
of India, iron ore miner NMDC, Coal India and Rashtriya Ispat Nigam.