Anil Dhirubhai Ambani Group's (ADAG) flagship company Reliance Power has informed that Reliance Coal Resources Pvt. Ltd, a wholly owned subsidiary of the company, has entered into an agreement to acquire 100 per cent interest in three coal mines in Indonesia.

However, the company did not give any further details about the transaction. The company has recently acquired three coal assets with coal reserves of about 2 billion tonnes in the Musi Rawas region of South Sumathra in Indonesia.

Reliance Power is the second large domestic power company to acquire coal mines in Indonesia.

In March 2007, Tata Power had invested $1.1 billion to purchase 30% equity stake in two major Indonesian thermal coal producers, PT Kaltim Prima Coal and PT Arutmin Indonesia and a related trading company owned by PT Bumi Resources Tbk.

Reliance Power is currently developing 13 power projects with a combined installed capacity of 28,200 mw, including the Sasan and Krishnapattanam UMPPs.

The company has posted consolidated net profit of Rs 85.38 crore on total income of Rs 132.89 crore for the year ended Mar. 31, 2008.