Emco, primarily focused on the transmission and distribution segment of the power sector, plans to foray into coal trading business and has tied up for coal supply from Indonesia, Chairman and Managing Director Rajesh Jain said today.

<tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>The company will source coal for its proposed trading business from Indonesian coal mine company PT Bina Insan Sukses Mandiri, where it will acquire 37.35 per cent stake by virtue of Emco&#39;s arrangement with Singapore&#39;s Rabaan (S) Pte Ltd.
</p><p class='TableClas'>Emco, through a subsidiary, has picked up 37.35 per cent stake in Rabaan, which has a long-term exclusive coal offtake agreement with the Indonesian coal mine company. Emco has so far been in the business of manufacturing transformers, electric meters, and executing transmission and distribution projects. PT Bina Insan Sukses&#39; mine is spread over 5,000 hectares and has an estimated coal reserve of 105 million tonnes.
</p><p class='TableClas'>&#34We will start getting coal from this mine in the next three-four months,&#34 Jain said. </P></p><p class='TableClas'></p></table>


Emco to foray into coal trade business

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