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Adani ties up Indonesian coal supply with Rs 7700 crore investment

Gujarat-based infrastructure company Adani Enterprises announced the contours of its investment into Indonesia, crystallising a preliminary agreement entered into in August 2010. It will invest about $1.65 billion or about Rs 7,700 crore, over a period of 4 years, to build a 250km railway line and port infrastructure to handle about 60 million tonnes of coal. The announcement is part of the Indonesian President, Susilo Bambang Yudhoyno, visit to India, which includes signing of a number of business deals to further the nation’s economic growth. Continue Reading →

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