Thiess, the contract mining company based in Australia, is likely to partner
with Sedgman, to set up coal processing infrastructure in India.
Currently, Thiess has a $5.5 billion (approx Rs 25,025 crore) contract mining
project in India to develop and operate a greenfield coal mine for NTPC at Pakri
Barwadih, Jharkhand.
The company plans to expand its operations in India to large-scale public
infrastructure and services after its coal mine infrastructure business
stabilises in India. Sedgman is a specialist in coal processing and Thiess has a
32 per cent stake in it. Both these companies will jointly look at opportunities
to set up coal processing facilities.