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Essar to buy Trinity Coal
Essar Group will acquire US-based Trinity Coal, in a deal worth Rs 2,500-2,735 crore. The acquisition would provide coking coal and thermal coal linkages for its steel mills in the US and for a power project under construction in India.
Essar has a 1,200 MW power project coming up in Gujarat, dependent on imported coal. It is setting up a Rs 4,800 crore power project near Jamnagar in Gujarat and the imported coal-based project is slated for completion by 2011.
Contact: Essar Group. Tel: 022-6660 1100. Fax: 022-6660 1809. E-mail: corporatecommunications@essar.com Website: www.essar.com
Essar Group will acquire US-based Trinity Coal, in a deal worth Rs 2,500-2,735 crore. The acquisition would provide coking coal and thermal coal linkages for its steel mills in the US and for a power project under construction in India. Essar has a 1,200 MW power project coming up in Gujarat, dependent on imported coal. It is setting up a Rs 4,800 crore power project near Jamnagar in Gujarat and the imported coal-based project is slated for completion by 2011. Contact: Essar Group. Tel: 022-6660 1100. Fax: 022-6660 1809. E-mail: corporatecommunications@essar.com Website: www.essar.com