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Tata to buy $1.3 bn coal assets in Indonesia

Tata Power Co. Ltd. has agreed to buy a 30 per cent stake in coal assets of Indonesia's PT Bumi Resources for $1.3 billion, the Indonesian firm said on Saturday.

Updated : Sep 14, 2017, 04:17 PM IST

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JAKARTA: Tata Power Co. Ltd. has agreed to buy a 30 per cent stake in coal assets of Indonesia's PT Bumi Resources for $1.3 billion, the Indonesian firm said on Saturday.

Bumi made the announcement in an e-mail statement.

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