Coal India arm signs pact with SBI Capital markets. Central Mine Planning and Design Institute Ltd (CMPDI) the consultancy arm of Coal India Ltd has signed a memorandum of understanding(MoU) with Mumbai based SBI Capital Markets to increase their market share in the rapidly growing consultancy area. The agreement was signed by Sashi Kant, General Manager, business development,CMPDI and Supriyo Gupta vice-president SBI Capital Markets Ltd on November 30, 2016
iii. The MoU covers areas like providing help for due diligence for the overseas coal and mineral properties for clients, advising bidders in mineral sector and also advising governments for managing mineral sector.
SBI Capital markets :
♦ SBI Capital Markets is an investment bank which is a wholly owned subsidiary and the investment banking arm of State Bank of India.
♦ Headquarters: Mumbai
♦ Founded: August 1986