August 23, 2014 2:24 PM ET

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Company Overview of Gupta Coal India Limited

Company Overview

Gupta Coal India Limited engages in inland coal handling and logistics operations in India. It imports and supplies coal to end-users, such as power plants, major cement and steel plants, paper and sugar industries, and other small and medium scale units through rail and road transport. Gupta Coal India Limited was incorporated in 1989 and is based in Nagpur, India. Gupta Coal India Limited operates as a subsidiary of Gupta Group Of Companies.

Gupta Towers

5th Floor

Temple Road

Opp. Science College Ground, Civil lines

Nagpur,  440001

India

Founded in 1989

Phone:

91 71 2664 7141

Fax:

91 71 2664 7144

Key Executives for Gupta Coal India Limited

Gupta Coal India Limited does not have any Key Executives recorded.

Gupta Coal India Limited Key Developments

Ushdev Close To Acquire Wind Power Asset

Ushdev International Limited (BSE:511736) said it is close to finalize acquisition of wind power assets. Managing Director and Group Chief Financial Officer Ashwin Rathi said that Ushdev is currently doing due diligence for 20 MW of assets of Gupta Coal India Limited. It is also looking at some assets of VRL Logistics Ltd. In addition, the company is in talks with two other listed companies that have put wind power assets on sale. One of them is a 90 MW wind farm, and the other 87 MW. Rathi did not disclose the names of the companies that own these wind assets. Rathi said a private equity fund had expressed interest in investing INR 40 million (initially). He did not wish to reveal the fund’s name as the shareholders’ agreement is yet to be signed. The promoters will also bring in equity and, therefore, the equity portion of funding for the acquisitions would not be a problem. As regards debt, Rathi said the selling companies were putting their wind assets on the block mainly because of pressure from their banks to divest their non-core businesses.

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