India's JSW Energy Plans $427 Million Investment in Coal Mine Development
Posted on June 10, 2010 at 02:51 AM EDT
BANGALORE, INDIA--June 10, 2010--Researched by Industrial Info Resources (Sugar Land, Texas)--Special-purpose vehicle (SPV) JSW Energy (Bengal) Limited is planning to invest nearly $427 million to develop coal mines . The investment is likely to be channeled primarily into the Bengal power and steel project that is being planned as a joint venture by power and energy firm JSW Energy Limited (BSE:533148) (Bangalore, Karnataka) and leading Indian steel manufacturer JSW Steel Limited (BSE:500228) (Mumbai), both of which are arms of the Indian conglomerate JSW Group. Other companies featured: South African Coal Mining Holdings Limited (JSE:SAH)
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