Mercator Lines Ltd, India's second largest private shipping firm, expects to acquire a coal mine in Indonesia in the next one week for around USD 30 million and plans to list its coal division overseas, a top official said.
"The likely resources (of the new coal mine) are about 60 million tonne. The deal value will be roughly be in the region of USD 25-USD 30 million, Managing Director Atul Agarwal told Reuters on Monday.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!
