Reliance ADAG to invest $5-10 bn in Indonesia mine infra: Indonesian govt

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.