Reliance Power acquires coal mines in Indonesia

May 2nd, 2008 - 5:44 pm ICT by admin  

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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