Your Ad Here

Stock Market Tips Headlines

Stock Market Tips

↑ Grab this Headline Animator

Your Ad Here

Subscribe freely for daily market calls!!!

THIS BLOG CONTAINS BASICS OF STOCK MARKET TRADING. Enter your email address and check out the information related to stock market and news:

Delivered by FeedBurner

Your Ad Here

Monday, 17 March 2008

Reliance Power acquires Indonesian coal mine for 10 bln rupees

Anil Ambani-controlled ADAG Group's Reliance Power Ltd has acquired a 100 pct stake in an Indonesian coal mine for 10 bln rupees, the Economic Times reported.

The coal mine, which has resources of 2 bln tonnes, is located in South Sumatra and valued around 200 bln rupees based on reserves, said the report.

The greenfield mine will be the prime source of fuel for Reliance's power project in Krishnapatnam in India's southern state of Andhra Pradesh, said the business daily. The report further added that the project would require about 14 to 15 mln tonnes of coal every year.

Posted by Sunil at Monday, March 17, 2008
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Post ur doubts here


DISCLAIMER

The stocks mentioned by me are been tracked by me and the quotes mentioned below are of my own. So investing on these stocks mentioned by me for u is at ur own risk and i am not liable for any of the stocks. Before investing on these stocks u have to see the complete profile of the give company.

- U can see my past given quotes for the stocks mentioned for that day, almost all the stocks hit the target mentioned by me and u can verify those stocks also.

- U can also comment on the stocks mentioned by me.

- Keep in track with this site so that last minute changes are also possible depending on the stock market and related news.

-----------------------------------------------------------------------------------------------------------------