Tag: Australia

The giant Dalrymple coal loading terminal lies idle near Mackay on January 7, 2011 as bulk carriers (top) wait to be loaded with coking coal.India’s hunger for coal is just as insatiable as China’s, and in the race with the Middle Kingdom for foreign acquisitions, it would appear that India is outpacing China.

One acquisitive Indian company to watch is India’s Adani Enterprises, the country’s largest coal importer, which made a $2bn acquisition of Australia’s Abbot Point coal terminal this week. The deal, Adani’s second in Australia, underlines its ambitions to play a role in country’s coal sector. 

Adani enterprises became one of the first developers of private ports in India when the government first allowed the entry of private businesses in the late eighties. The firm, the largest coal importer in India, earned $5.8bn in revenues last year.

By Patricia de Leon of mergermarket

Thai companies are keeping up the pace with their overseas deals, boosted by a maturing domestic economy and and a stronger baht.

In the latest  deal announced this week, Ratchaburi Electricity, one of the country’s largest power generators, is paying Bhat6.7bn ($223m)  for 56 per cent in Australia’s Transfield Services Infrastructure Fund – a power and water company.

This will not be Ratchaburi’s last foray overseas, says Jirasee Kasuwan, energy sector banker at The Quant Group, a Bangkok-based independent investment bank. The company has “a very huge ambition to expand internationally,” he says, which began with  investing in a greenfield power plant in Laos a couple of years ago.

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