Deals
Coal India Should Shun Foreign Acquisitions, Investor Says
This article is for subscribers only.
Coal India Ltd., the world’s largest producer of the fuel, should refrain from overseas acquisitions because the local market is more lucrative, the second-biggest investor in the state-owned miner said.
“There are abundant reserves in India and returns on investment are far higher here,” Oscar Veldhuijzen, a partner at The Children’s Investment Fund Management UK LLP in London, said by telephone yesterday.