Wednesday, June 3, 2009

Adaro Energy Wins To Sell 6m Tonnes To India, Thailand

PT Adaro Energy, Indonesia's largest coal producer by market value, said on Wednesday it has won contracts to sell a total of up to 6 million tonnes of coal per year to firms in India, Thailand and Indonesia.

Adaro, which has a market capitalisation of $4.28 billion, sells to 48 customers in 18 countries worldwide, including power utilities Thai Power and Indonesian state electricity firm Perusahaan Listrik Negara (PLN).

Exports account for 70-72 percent of its sales.

Source: Reuters

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