(EnergyAsia, October 7 2011, Friday) — GMR Energy, a subsidiary of Indian infrastructure firm GMR Infrastructure, is on course to complete its proposed takeover of a 30% stake in Indonesia’s coal miner PT Golden Energy Mines (GEMS) by year-end. GEMS, a subsidiary of Indonesian conglomerate Sinar Mas Group, is said to have coal reserves of…
INDIA: GMR Energy on course to complete acquisition of 30% stake in Indonesian coal miner
Posted on October 7, 2011 by EnergyAsia