ICVL actively looking around for acquisition: Steel Secretary.

International Coal Ventures Ltd. (ICVL) is 'actively' looking at 'various possibilities' for acquiring coal assets abroad, Steel Secretary G Mohan Kumar said recently.

'ICVL is very actively looking around. It is looking at various possibilities. You will come to know about it,' Kumar told reporters on the sidelines of a seminar on promoting the usage of steel slag here.

Asked if he would give any timeline for ICVL's maiden acquisition, he said, 'It is too early for me to talk about it.'

Formed in 2009, ICVL, a consortium of state-run firms for acquiring coal mines abroad, had set a target to own 500 MT of coking coal reserves by 2019-20. Its members are SAIL, NTPC, CIL, RINL and NMDC.

ET