India’s Punj Llyod buys 50% stake in Indonesia coal mine

Indian infrastructure major Punj Lloyd on Monday announced that its Singapore-based subsidiary, Sembawang Engineers and Constructors, has entered into an agreement to acquire 50% stake in a thermal coal mine company in Indonesia.

The Indonesian company is based in Central Kalimantan, Indonesia and the acquisition is to be done through Sembawang Development Pte Ltd, a unit of Sembawang Engineers, the company has informed the Bombay Stock Exchange.