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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

Friday, 22 January 10
JSW ENERGY TO INVEST RS 4,500 CRORE IN COAL MINES ABROAD
The Sajjan Jindal-promoted JSW Energy is planning an investment of Rs 4,500 crore (US$ 978,260,869) to acquire coal mines abroad and another of Rs 1 ...


Thursday, 21 January 10
HANDYMAX - SHORT PERIOD OWNERS IDEAS ARE AROUND MID/LOW 20S - FEARNLEYS AS
HANDY The  BSI  moved  in  a  downward  direction  since  last  Friday  reflecting  minor a ...


Thursday, 21 January 10
ASF GROUP TO COMMENCE COAL SALES TO CHINA BY FEBRUARY 2010
Sydney-based China energy and resource conduit, ASF Group has struck an agreement to supply coal to China. In September 2009, ASF announced a ven ...


Thursday, 21 January 10
INDONESIA BUKIT ASAM AGREES ON LOWER COAL PRICE
Indonesian state coal miner PT Tambang Batubara Bukit Asam Tbk has agreed with a local power plant to set 2010 coal prices at 23 percent lower than ...


Thursday, 21 January 10
CABOTAGE POLICY POSTPONED
The Transportation Ministry has decided to postpone for one year the full enforcement of the cabotage principle – a maritime term for the proh ...


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