Reliance Power acquires coal mines in IndonesiaPublished 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.