GVK Power & Infra to pay Rs 10k cr for 2 Hancock coal mines

GVK Power & Infra can pay about Rs 10, 091 crore ($2. 2 billion) for 2 Australian coal mines possessed by Hancock Prospecting, the financial daily reported these days.

As part of the offer, the company will spend about Rs 4, 100 crore ($900 million) to build up transport infrastructure to carry the coal towards the port, the report stated citing lenders and organization officials.