Tata inks deal for Indonesian coal

Tata Power has neatly bought a 30 % stake in PT Kaltim Prima Coal (KPC) and PT Arutmin Indonesia for US$1.3 billion. While the rest of the world is worried about the Asian twins (India and China) eating into the golbal oil reserves, these deals slip under the scanner. Coal is and will remain the mainstay for power generation for a long time to come. This includes china and the US. What is interesting is that India has enormous coal reserves of her own. Read more in the Jakarta post