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Mundra buys Abbot Coal Terminal for $2 bn

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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.

Contact: Mundra Port & SEZ Ltd. Tel: 02838-255 000. Fax: 02838-255 110. E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.  Website: www.port...





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Guest Monday, 21 August 2017

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