Tata Power Makes Offer on 30% Stake in Firestone 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.

Click here to read the full Platts report.