Aditya Birla Group planning for a US$ 1 billion stake in Colombia coal mines Co.

摘要

According to reports in the Indian media, the Aditya Birla Group is discussing with the American thermal coal mines major, Drummond Company regarding a "significant stake" in its coal mines in Colombia. The Indian Group is reportedly seeking rights for about 20 to 40 % of the production from these mines, with an investment of US$ 1 billion. The business conglomerate requires thermal coal for UltraTech Cement, the largest cement producer in India and its other industries.