Reliance Power Ltd has said that its wholly owned subsidiary, Reliance Coal Resources Ltd, has entered share purchase agreements to acquire the entire share capital of two coal companies in Indonesia.
These two Indonesian companies own three coal mines in Indonesia.
The coal from these mines will be used in the Krishnapatnam Ultra Mega Power Project and other power projects of the group.
On Thursday, Reliance Power's shares ended 2.76% up at Rs156 on the Bombay Stock Exchange, while the benchmark Sensex closed 1.59% up at 16,922 points.
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