Haldia Coke gets $26.6. million from Gaja Capital Partners
Mumbai-based PE firm Gaja Capital Partners has invested INR125 crore ($26.6 million) into Haldia Coke & Chemicals Pte. Ltd., a producer of metallurgical coke, with the aim of expanding its mining, metallurgical coke and power-production operations.
According to the company, Haldia Coke is promoted by Shriram EPC Ltd and other associates. Shriram's MD T. Shivaraman said in a statement that the funding will as much as double Haldia Coke's manufacturing capacity.
According to December 2009 reports, Haldia Coke began its fundraising process in at the end of 2009. At the time, an unnamed company insider said the company aimed to acquire a 90% stake in Australian mining firm Broughton, "at an estimated cost of around $15 million" with the deal estimated to be complete by mid-June 2010. News of that deal has not resurfaced.
More on Investments
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.