Central Mine Planning and Design Institute Ltd (CMPDI) the consultancy arm of Coal India Ltd., has signed a memorandum of understanding with investment banker SBI Capital Markets.
- The agreement is aimed at tapping each other’s strengths to increase their respective market share in the rapidly growing consultancy area.
- It is expected that CMPDI, with expertise in mineral exploration, resource evaluation including coal bed methane , mining geology , hydro geological and engineering geology investigations and mineral processing will provide technical and advisory support for assignments undertaken by SBICAP.
- 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 (SBICAPS) is an investment bank founded in August 1986. It is a wholly owned subsidiary and the investment banking arm of State Bank of India (SBI).
Headquartered in Mumbai, SBICAP has 5 regional offices across India (Ahmedabad, Chennai, Hyderabad, Kolkata and New Delhi), 2 branch offices (Pune and Guwahati) and 5 subsidiaries – SBICAP Securities Limited, SBICAP Trustee Company Limited, SBICAP Ventures Limited, SBICAP (UK) Limited and SBICAP (Singapore) Limited.