GVK Power and Infrastructure announced it would pay $1.26 billion for a majority stake in three coal mines, a port and rail project owned by Australia 's Hancock Group Co. will get 20 million tonnes of coal every year for long term. GVK will pay the amount in a phased manner to the Hancock Group, with $500 million upfront.About $200 million will be paid in one year from closing the deal and another $560 million on financial closure of the project, which is expected next year.
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment