Record In­dian in­vest­ment

Townsville Bulletin - - Investor -

THE largest in­vest­ment by an In­dian en­ter­prise in Aus­tralia to date has been com­pleted, with Lanco In­frat­ech Ltd’s $ 750 mil­lion ac­qui­si­tion of one of the big­gest coal mines in West­ern Aus­tralia. Lanco in De­cem­ber agreed to buy the for­merly Grif­fin Coal-owned ther­mal coal mine. Grif­fin Coal was placed in the hands of ad­min­is­tra­tors in Jan­uary 2010 af­ter miss­ing dead­lines for the pay­ment of debt in­stal­ments and tax li­a­bil­i­ties.

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