Madhucon Projects is expected to start coal production at its Indonesian mine by
April. The initial production at the mine will be an estimated 3 lakh tonne.
Last year, Madhucon had floated a subsidiary - PT Madhucon Indonesia - to
acquire and operate a coal mine in
East Kaliyamandin
region in the country, on 30-year lease.
The coal produced will be imported at the new Krishnapatnam Port in Andhra
Pradesh, and will be used as fuel for the upcoming 540 MW Simhapuri power plant
near Krishnapatnam in
Nellore
district. Simhapuri Energy, a 52:48 JV between Hyderabad based Malaxmi Group and
Madhucon Projects, is implementing the 4x135 MW Simhapuri power project. Phase-I
of the project comprising two units of 135 MW each is scheduled to commission in
2010.
Also See:
Madhucon Projects
bags Rs.989 crore from Simhapuri Energy (13-Jul-08)