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Race for resources – TATA Power in talks to buy stake in MEC Coal

Steel Guru | January 28, 2012 | 10:47 am Energy Asia Europe Coal

TATA Power is in talks to pick about 15% stake in MEC Coal, the Dubai registered company that owns more than two billion tonnes of coal reserves in Indonesia. A person familiar with the development said that the TATA Group subsidiary, which the source said…