Consult Us For Construction
Mundra buys Abbot Coal Terminal for $2 bn
Mundra has acquired Australia' s Abbot Point Coal Terminal for $2 bn which will more than double its cargo handling capacity. The deal is the largest overseas acquisition by an Indian port company and will sharply increase Mundra' s balance sheet size, as well as help the firm ship coal from Australia to feed India' s fast-growing economy. The Abbot Point Coal Terminal, in Queensland, is Australia' s northern-most mechanised port that can load 50 mn tonne a year.
|Read complete story >>
(You need to login first to read complete story).
New User? Register for FREE!