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Tuesday, April 12, 2011

India's Punj Lloyd unit buys 50 pct in Indonesia coal mine

Mon Apr 11, 2011 6:16am GMT

MUMBAI, April 11 (Reuters) - Indian engineering and construction firm Punj Lloyd said on Monday its unit, Sembawang Development, had acquired a 50 percent stake in a thermal coal mine company in central Kalimantan, Indonesia.

The mining firm holds reserves currently estimated at 134 million tonnes, it said in a statement.

Punj did not disclose financial details of the transaction. (Reporting by Prashant Mehra,sourced Thomson Reuters)

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