SRAM & MRAM forms JV with Energi Alam BORNEO, Indonesia to offer coal Supply Solutions
Strategic Partnership for Sustainable Energy Practices
SRAM & MRAM Group inks JV with Energi Alam BORNEO to enhance the coal supply chain aiming to deliver 300,000 tons monthly to India. This strategic alliance boosts global energy solutions and underscores a commitment to sustainable practices in the coal industry.
Two Major Conglomerates Come Together
SRAM & MRAM Group is a global conglomerate with diverse interests spanning various industries such as oil, technology, agriculture, airport solutions, EVs, Battery Manufacturing, and cybersecurity.
Energi Alam BORNEO is a major coal trading company in Indonesia. The company sources coal from East Kalimantan, known for the largest coal content in Indonesia and caters to various industries such as power plants, cement, chemical, and industrial applications.
The joint venture is a synergy that will leverage the core competence of both organizations and aim to optimize the procurement, marketing, and distribution of Indonesian high-quality coal across key energy markets, SRAM & MRAM Group said in a press briefing on Saturday.
Sustainable Energy Practices at Scale
The group said that the joint venture is expected to supply around 300,000 tons of Indonesian coal worth $30 million (around Rs 250 crore) every month to the Indian market.
Hemalata Arumugam, Group CEO of SRAM & MRAM Group said, this collaboration goes beyond mere business expansion. It represents our collective efforts towards delivering comprehensive energy solutions globally.”
SRAM & MRAM Group Director of Agro and Mining verticals, Anil Tukaramji Sawarkar, said that the partnership highlights a robust commitment to integrating innovative strategies with sustainable energy practices.
