Lanco Infratech to expand its production capacity at Griffin Coal in Australia

    Lanco Infratech to expand its production capacity at Griffin Coal in Australia

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    Lanco Infratech  planned to increase the production capacity of Griffin coal
    Lanco Infratech planned to increase the production capacity of Griffin coal

    Lanco Infratech has planned to invest around 5,500 crore (1 billion Australian dollars) to increase the annual production capacity of Griffin Coal to 16 million tonne to export fuel to East Asian countries such as Vietnam and Malaysia, a senior official said. Griffin Coal, which was acquired by Lanco for about AUD 730 million in March 2011, presently has a production capacity of four million tonnes per annum.

    The expansion is expected to be completed by the end of 2016. Currently, about one million tonnes of coal from Griffin is exported to countries including China and South Korea, while the rest is supplied domestically to various industries in Australia, the official said.

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