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Mrunal [Economy] Coal acquisition from Abroad: ICVL and its problem Print
What is ICVL?
Why was ICVL formed?
Whats ICVLs problem?
Why no acquisition of coal mines abroad?
Coal Indias problem
Mock Questions
What is ICVL?
International Coal Ventures Limited (ICVL)
It is a joint venture company
formed in 2009 jointly by following entities:
Administrative control
Steel Authority of India Ltd (SAIL)
Ministry of Steel
Rashtriya Ispat Nigam Ltd (RINL)
Ministry of Steel
National Mineral Development Corporation (NMDC) Ministry of Steel
National Thermal Power Corporation
Ministry of Power
Coal India Limited (CIL)
Ministry of Coal
It has a capital base of about Rs 10,000 crore and enjoys the powers of a
navaratna company.
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Mrunal [Economy] Coal acquisition from Abroad: ICVL and its problem Print
Ever since its formation, it has failed to acquire any overseas coal assets either
through bids or through takeovers.
This non-performance by ICVL has spurred members to quit the ICVL.
So on one hand you cant dig enough coal from India, on the other hand, you are
not acquiring enough coal from abroad. What will happen?
a. WPI will increase
b. IIP will decrease
c. GDP will decrease.
d. All of above.
Mock Questions
Q1. Match the following
1.
2.
3.
4.
mrunal.org/2012/08/econ-icvl.html/print/
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Mrunal [Economy] Coal acquisition from Abroad: ICVL and its problem Print
mrunal.org/2012/08/econ-icvl.html/print/
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