Reliance ADA Group will invest between $5 billion and $10 billion in mining infrastructure in Indonesia. Reliance will invest in the coal sector, in power plants and infrastructure in the near future. Reliance ADA Group has already bought a coal mine on Sumatra Island and plans to build infrastructure, including railway, to transport its coal to the nearest port. The group is also looking to invest in a new Jakarta rail line to the airport.
Indonesia has seen a steady pick-up in investor interest over the past 18 months, including from India, thanks to a combination of political stability and improving economic growth, sustained by strong domestic consumption and demand for commodities ranging from coal to palm oil. Several Indian companies in January signed a number of agreements totaling $15 billion to build infrastructure projects, including airports and steel plant to help the country overcome the lack of infrastructure development.
| Company Name | CMP |
|---|---|
| NTPC | 405.60 |
| Tata Power | 436.05 |
| Adani Power | 215.45 |
| Power Grid Corp | 321.00 |
| Torrent Power | 1658.00 |
| View more.. | |
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