co-presented by
ASSOCIATE SPONSORS
co-presented by
ASSOCIATE SPONSORS
Lanco Infratech Ltd is readying to take over operations Australian Griffen Coal mines in March, but will not bid for the coal mine assets of Hancock Prospecting, a top official of the infrastructure developer said on Tuesday.
"Not very excited about it (Hancock)... (it's) such a large acquisition and I don't think we will be able to do such a large acquisition now," its Group Chief Financial Officer J Suresh Kumar told Reuters in an interview.
Lanco Infratech has also not placed any bids for Hancock, he said.
"We will focus on Griffen, will not focus on anything else."
Media reports said that Lanco, Essar Group and GVK Power were separately bidding for Hancock's two flagship mines.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
