KCT Coal will focus on mining
14 May 1999
1
KCT Coal Sales, a company controlled by Karam Chand Thapar & Brothers, will focus on mining coal, an area in which the Thapar group was involved until coal mining was nationalised. Now that mining has been re-opened for the private sector, the group wants to re-build its presence in it.
The company will also expand in the coal handling business, in which it already has a strong presence. The building of new coal-based power generation plants should provide the opportunity for such expansion.
According to Vikram Thapar, vice chairman and managing director of KCT Coal, the company is evaluating the possibility of mining joint ventures with foreign companies, in which the Thapar group will hold a majority stake. Talks are reportedly on with two groups, one of which is investing in a power generation plant in Orissa.
The mining projects are expected to cost Rs 150 - 200 crore.
The group will also expand its fisheries operations, currently run by group company Waterbase Ltd., and make an entry into the real estate business. The group has taken advantage of the low real estate prices to acquire properties in several Indian cities in the past two years.
The company will also expand in the coal handling business, in which it already has a strong presence. The building of new coal-based power generation plants should provide the opportunity for such expansion.
According to Vikram Thapar, vice chairman and managing director of KCT Coal, the company is evaluating the possibility of mining joint ventures with foreign companies, in which the Thapar group will hold a majority stake. Talks are reportedly on with two groups, one of which is investing in a power generation plant in Orissa.
The mining projects are expected to cost Rs 150 - 200 crore.
The group will also expand its fisheries operations, currently run by group company Waterbase Ltd., and make an entry into the real estate business. The group has taken advantage of the low real estate prices to acquire properties in several Indian cities in the past two years.
