Thu Feb 3, 2011 8:38 am GMT
NEW DELHI(Reuters) - India's 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 of utility NTPC (NTPC.BO: Quote), Steel Authority of India Ltd (SAIL.BO: Quote), iron ore miner NMDC (NMDC.BO: Quote), Coal India (COAL.BO: Quote) and Rashtriya Ispat Nigam Ltd.
Last month, it decided not to counter Rio Tinto's $3.9 billion bid for Australian coal miner Riversdale (RIV.AX: Quote). (Reporting by Ruchira Singh, sourced:Reuters)
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