Indian company wins auction to produce coal in Kamchatka Region

PETROPAVLOSK-KAMCHATSKY, Dec 22 (PRIME) -- FINR, a subsidiary of Indian Tata Power, has won an auction for a 25-year license for the Krutogorovsky coal field in Russia’s easternmost Kamchatka Region with a 264.8 million ruble bid, the regional government said on Friday.

The field’s reserves are estimated at 300 million tonnes of coal.

(58.5596 rubles – U.S. $1)

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