REC, Damodar Valley in talks for coal mines abroad
Rural Electrification Corporation (REC) and Damodar Valley Corporation may come together to form a joint venture for buying coal mines abroad, a senior company executive from the state-owned power sector lender said today. "We have got a proposal from DVC for a joint venture to buy coal mines abroad. It is at a very preliminary stage and hence it will be premature to say anything," the executive said.