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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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