(EnergyAsia, October 5 2011, Wednesday) — India’s GVK Power & Infrastructure has agreed to pay US$1.26 billion for a majority stake in three Australian coal mines and a port and rail project owned by Hancock Group.The acquisition of large, high quality coal resource and a strategic infrastructure development project in Queensland state will enable the…
INDIA: GVK acquires stake in Australian coal mines and port-rail project for US$1.26 billion
Posted on October 5, 2011 by EnergyAsia