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Monday, 16 March 09
TATA POWER HAS NO PLAN TO SELL STAKE IN INDONESIA BUMI MINES - BLOOMBERG


Tata Power Co., India’s biggest electricity generator outside state control, said it has “no intention” to sell its stake in two Indonesian coal mines owned by PT Bumi Resources, Asia’s third-biggest coal producer.

“We strongly deny the rumors regarding our stakes in Indonesian Coal mines - KPC and Arutmin,” Tata Power said in response to e-mailed questions from Bloomberg News today. “This acquisition is a key part of the company’s growth strategy and we have no intention to sell our stake in the coal mines to Bumi Resources or any other party.” To read more click
Bloomberg



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