Rel Power buys 3 Indonesian coal mines

Agencies
Posted: Friday, May 02, 2008 at 1051 hrs IST
Updated: Friday, May 02, 2008 at 1051 hrs IST

Font Size

Feedback

Discuss

RIL's Hazira unit bags 'Excellent Energy Efficient...UP industries to get uninterrupted power supply Gas is not a pvt property of Ambani brothers: Govt...Door open for India to join IPI gas pipeline: Iran

Mumbai, May 2: : Indian utility Reliance Power Ltd said on Friday its unit had signed an agreement to acquire 100 per cent in three coal mines in Indonesia for an undisclosed sum.

It did give further details about the transaction.

Reliance Power, which is part of India's Anil Dhirubhai Ambani group, is building power plants across India using a record $3 billion it raised in January in India's biggest initial public offering.

Its shares made a dismal debut in February and remain below the 450 rupee issue price. At 0602 GMT, they were trading 2.1 per cent higher at 402.70 rupees in a firm Mumbai market that rose 1.1 per cent.

Post Comments

Comments: (Limit 3,000 characters)

Name		Message
Email ID
Subject

TERMS OF USE:
The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).

I agree to the terms of use.

Latest News

Print Edition

Events

Rel Power buys 3 Indonesian coal mines

Post Comments