Lanco lnfratech’s subsidiary - Griffin Coal Mining Company (GCMC) has entered into a long-term coal supply agreement with Bluewaters Power. The company will get AUD 50 million cash immediately as upfront fee between January 15 and 20. This will help the Griffin to operate on its own.
Under the agreement, Griffin Coal will supply 1.8 million tonnes of coal for over 25 years to Bluewaters Power Station.
Griffin Coal Mining Company has received the order from Supreme Court (SC) of Western Australia whereby SC in its judgment has allowed GCMC to enter into revised coal supply agreement (CSA) with the Griffin Power entities which is in process of being acquired by Japanese consortium of Sumitomo Corporation and Kansai Electric Power Company.
Lanco Infratech is the leading integrated infrastructure conglomerate with global footprints having business verticals viz. EPC, Power, Solar, Natural Resources and Infrastructure. It is one of the largest private sector IPPs in India having an operating capacity of 4740 MW with another 4636 MW is under various stages of execution. This includes projects based on Coal, Gas, Hydro, Solar and Wind.
Company Name | CMP |
---|---|
Larsen & Toubro | 3667.40 |
Rail Vikas Nigam | 381.60 |
KEC International | 741.90 |
Kalpataru Projects | 1205.00 |
NCC | 287.25 |
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