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Tata Power Makes Offer on 30% Stake in Firestone Coal Project
Mar. 07, 2012 11:55AM PST
Industrial MetalsPlatts reported that Tata Power (BSE:500400) is offering to buy 30% of the South Africa-based Sekoko coal project.
Platts reported that Tata Power (BSE:500400) is offering to buy 30% of the South Africa-based Sekoko coal project.
As quoted in the market news:
Tata Power’s proposal is for the Indian firm to enter into a fresh joint venture arrangement with Firestone to develop the Sekoko project located in South Africa’s Waterberg coalfield, which Firestone has valued at Rand 1 billion ($137 million) on a 100% basis.