PFC, Rites tie up to import coal

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Press Trust of India Tags : Posted: Friday , Mar 28, 2008 at 2325 hrs New Delhi: :

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Power Finance Corp said it has tied-up with Rites Ltd to import coal to ease scarcity of fuel in view of rising demand by electricity generators. The companies have signed a MoU, which provides for formation of one or more special purpose vehicles to acquire mining rights, outsource mining activities and import coal to India for selling.

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