UK-based conglomerate SRAM & MRAM Group has formed a joint venture with Indonesian company Energi Alam BORNEO to offer coal supply solutions, according to a statement.
The joint venture aims to optimize the procurement and distribution of Indonesian coal in the worldwide energy market, SRAM & MRAM Group said on Saturday.
The group said that the joint venture is expected to supply around 300,000 tonnes of Indonesian coal worth $30 million (around Rs 250 crore) every month to the Indian market.
