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ruia family

March 8, 2010

Essar Minerals, a subsidiary of the family-owned Essar Group, announced on Saturday it is to buy US-based Trinity Coal Partners LLC for $600 million.

Essar Minerals, a subsidiary of the family-owned Essar Group, announced on Saturday it is to buy US-based Trinity Coal Partners LLC for $600 million.
 
The acquisition is part of the Indian conglomerate's plan to secure raw materials for its steel and power operations worldwide and will give it access to a further 200 million tonnes of coal in the US.
 

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