Submitted by TheIndiaStreet on July 22, 2008 - 9:52pm.
by Bharat Ratna
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Spice Energy plans for a Global Depository Receipts (GDR) issue of $300-400 million by 2nd week of August.
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GDR would be listed in Luxembourg Stock Exchange and number of sovereign funds in the Gulf have committed to invest in our firm
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Proceeds of this issue will be used for setting up its 1,000 megawatt (mw) thermal power plant in Tamil Nadu
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The company has entered into an agreement with an Indonesian miner, PT Tambang Batubara Bukit Asam (PTBA), for uplifting 5-6 million tonnes of coal for 20 years
