{"id":518436,"date":"2022-09-01T11:19:27","date_gmt":"2022-09-01T05:49:27","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=518436"},"modified":"2022-09-01T11:19:27","modified_gmt":"2022-09-01T05:49:27","slug":"gmr-will-sell-its-30-stake-in-a-coal-mining-company-in-indonesia-for-more-than-420-million","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gmr-will-sell-its-30-stake-in-a-coal-mining-company-in-indonesia-for-more-than-420-million\/","title":{"rendered":"GMR will sell its 30% stake in a coal mining company in Indonesia for more than $420 million"},"content":{"rendered":"<p>PT Golden Energy Mines Tbk (PT GEMS), a step-down subsidiary of GMR Power and Urban Infra Limited, stated on Wednesday that it has entered into definitive agreements to sell PT Radhika Jananta Raya a 30% ownership investment in exchange for USD 420 million and deferred consideration.<\/p>\n<p>In Indonesia, five coal mining concession areas are owned and run by PT GEMS, a company that operates bituminous coal mines there. A subsidiary of Indonesia-based integrated energy firm for strategic investment PT ABM Investama Tbk (ABM), PT Radhika Jananta Raya offers integrated mining solutions for the whole mining value chain. &#8220;On closing, GCRPL will receive a gross consideration of USD 420 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PT Golden Energy Mines Tbk (PT GEMS), a step-down subsidiary of GMR Power and Urban Infra Limited, stated on Wednesday that it has entered into definitive agreements to sell PT Radhika Jananta Raya a 30% ownership investment in exchange for USD 420 million and deferred consideration. In Indonesia, five coal mining concession areas are owned and run by PT GEMS, a company that operates bituminous coal mines there. A subsidiary of Indonesia-based integrated energy firm for strategic investment PT ABM Investama Tbk (ABM), PT Radhika Jananta Raya offers integrated mining solutions for the whole mining value chain. &#8220;On closing, GCRPL [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[194,130,136],"tags":[],"class_list":["post-518436","post","type-post","status-publish","format-standard","hentry","category-coal-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/518436","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=518436"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/518436\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=518436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=518436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=518436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}