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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

Wednesday, 03 February 10
INDONESIA BUKIT ASAM SEES DOUBLE DIGIT 2010 REV GROWTH
* 2009 net profit rose an estimated 50 pct * Sees opportunities for overseas acquisitions Indonesian state-owned coal miner Bukit Asam saw 2009 ...


Wednesday, 03 February 10
RECOVERY IN INDONESIAN MINING SECTOR EXPECTED TO BOOST SALES, UNITED TRACTORS SAYS
PT United Tractors, the country’s biggest supplier of heavy equipment, said on Tuesday that it expected sales to increase 15 percent this year ...


Tuesday, 02 February 10
THAI BANPU SAYS HIGHER COSTS TO HIT COAL PROFITS
Thailand's top coal miner, expects profits from its coal business in 2010 to be lower than last year due to higher costs, but its chief executive i ...


Monday, 01 February 10
CIL PLANS TO INVEST IN OVERSEAS COAL MINES
Over the next 10 years, CIL expects to import from these mines at least 500 million tonnes of thermal coal, a variety used by power plants The bo ...


Sunday, 31 January 10
AUSTRALIA NEWCASTLE THERMAL COAL FALLS 0.7 PERCENT TO $ 98.53
Power-station coal prices at Australia’s Newcastle port, a benchmark for Asia, declined 0.7 percent, falling for the first time in four weeks. ...


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