Prime Minister Narendra Modi is determined to move more than 100,000 people living near coalfields in eastern India to new homes, making it easier to douse underground fires that have burned for a century and mine huge reserves of premium coal.
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The Indian government planned to gather USD 2.3 billion through a share sale of its two state-owned firms to boost public coffers, according to sources interviewed by Reuters.
Coal India considered 3 Australian acquisitions.