MAC: Mines and Communities

Reliance Power acquires coal mines in Indonesia

Published by MAC on 2008-05-11
Source: IANS (India) (2008-05-02)
Mumbai, May 2 (IANS) Anil Ambani-promoted Reliance Power Ltd said Friday it has acquired three coal mines in Indonesia with total reserves of two billion metric tonnes. The acquisition was done by its wholly-owned subsidiary Reliance Coal Resources Pvt Ltd (RCRPL).

"Reliance Coal Resources has acquired 100 percent economic interest in three coal concessions in Indonesia," Reliance Power said in a communique to the Bombay Stock Exchange Friday.
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