Adani group eyes coal assets in Mozambique for $400 mn
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Adani group eyes coal assets in Mozambique for $400 mn

Mumbai : India | Jul 17, 2012 at 2:48 AM PDT
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Adani Enterprises, the Gujarat-based Adani group’s flagship firm, is in discussions with the Mozambique-based NCondezi Coal to acquire a minority stake in its coal assets. The deal with the AIM-listed NCondezi is expected to be in the range of $350-400 million (Rs 2,000-2,200 crore). Mr. Rajesh Adani, MD, Adani Enterprises plans to become a strategic partner of NCondezi by acquiring a part of its assets.

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From: Adani Group
SwapnilRameshJukunte is based in Thāna, Maharashtra, India, and is a Reporter on Allvoices.
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