Punj Lloyd unit buys 50% in Indonesia coal mine

Punj Lloyd unit buys 50% in Indonesia coal mine

Mumbai: Indian engineering and construction firm Punj Lloyd said on Monday its unit, Sembawang Development, had acquired a 50% stake in a thermal coal mine company in central Kalimantan, Indonesia.

The mining firm holds reserves currently estimated at 134 million tonnes, it said in a statement.

Punj did not disclose financial details of the transaction.

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