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Thursday, 07 January 10
RAMKY PLANS COAL MINING IN INDONESIA


Ramky Infrastructure Limited, a Hyderabad-based integrated infrastructure construction and development management company with strategic emphasis on environmental projects, is planning to foray into coal mining in the next nine months.

“We are still working out the overall business plan. We are looking at some coal mines in Indonesia and are contemplating acquiring captive concession agreements for one or two mines there,” M Goutham Reddy, director (international operations) of Ramky, told Business Standard.

The company is venturing into power and in this connection, it is exploring the coal linkage. It is currently in discussion with three mining players in Indonesia and is likely to seal deals in six to nine months from now, he added.

Ramky, which completed the acquisition of cleantech business from Singapore-based Sembcorp Environment Private Limited in October last year, is currently doing waste management business overseas including in Muscat.

“We expect to garner a net profit of Rs 120 crore (US$ 26,204,649) on revenues of Rs 2,400 crore (US$ 523,986,803) this financial year, as against Rs 70 crore (US$ 15,282,948) and Rs 1,500 crore (US$ 327,478,481) respectively during last fiscal, primarily on account of our contracting business. We are largely growing in water, waste waster, buildings and roads segments,” he said.1 USD = 45.8045 INR. To read more  Business-Standard



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Recent News

Tuesday, 09 February 10
EURO COAL-PROMPT SLIDES WITH OIL PRICES
* April S.African cargo trades at $83.50/T FOB, unchanged * April DES cargo trades at $74.75 a tonne, down $1/T * Russia's Kuzbassrazrezugol sees ...


Monday, 08 February 10
BLACK RIDGE MINING APPOINTS INDEPENDENT CONSULTANT
Australian-listed Black Ridge Mining has announced the appointment of David Tuit as an independent consultant to assist with the assessment of the c ...


Monday, 08 February 10
SOUTH AFRICAN EXPORT COAL RISES FOR FIRST TIME IN FOUR WEEKS
Prices for coal shipped from South Africa’s Richards Bay, the continent’s biggest export facility for the fuel, posted their first gain ...


Monday, 08 February 10
NTPC HOPES TO START ON 500-MW PROJECT IN SRI LANKA BY FEB-END
NTPC sources told Business Standard, “All formalities from our government and NTPC have been completed. The opinion of the Sri Lankan atto ...


Sunday, 07 February 10
AN AUSTRALIAN FIRM HAS SIGNED A $60BN DEAL TO SUPPLY COAL TO CHINESE POWER STATIONS
Clive Palmer, chairman of the company, Resourcehouse, said it was Australia's "biggest ever export contract". Under the deal, the firm ...


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