Adani seeks tie-up for Australia mines | business | Hindustan Times
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Adani seeks tie-up for Australia mines

The Adani Group has started talks with Coal India Ltd to take on board the state-owned company as a partner for developing the Australian mines it recently bought in a R12,600 crore deal.

business Updated: Oct 13, 2010 23:16 IST

The Adani Group has started talks with Coal India Ltd (CIL) to take on board the state-owned company as a partner for developing the Australian mines it recently bought in a R12,600 crore deal. “Talks have opened up between an Adani Group firm and Coal India Ltd. Adani Group is seeking to rope in CIL for development of coal assets it recently bought in Australia

for R12,600 crore. There could be an equity partnership as well,” a market source said.