Acquires 78.26 per cent in Advent Coal Resources PTE Limited and 50.10 per cent in Sainik Mining and Allied Services Limited to deepen presence across the integrated coal and mining value chain
Sindhu Trade Links Limited (STLL), a diversified business group with interests across mining, logistics, transportation and allied businesses, announced the completion of two strategic acquisitions aggregating Rs 9.23 billion. The acquisitions mark a strategic step in strengthening STLL’s integrated mining platform, expanding its asset base and capabilities across coal, mining and logistics services and infrastructure, while deepening its presence in the Indonesian coal market.
The Company has acquired a 78.26 per cent stake in Advent Coal Resources PTE Limited, Singapore, for a total consideration of Rs 6.97 billion, and a 50.10 per cent stake in Sainik Mining and Allied Services Limited (SMASL), India, for Rs 2.25 billion. Advent Coal Resources owns effectively 100 per cent of the economic interest in a 620 million tonnes coal resource Indonesian Coal Project, together with the infrastructure connecting the mine through a 130-km logistics corridor to a deep-sea port and future industrial cluster. The Coal Project is being developed in East Kalimantan, Indonesia, as an integrated coal and infrastructure project.
The acquisition of SMASL further strengthens STLL’s mining capabilities. SMASL is an established mining services company with expertise across Mine Developer and Operator (MDO) contracts, overburden removal, coal extraction and coal transportation, with a track record of long-term contracts and outsourced mining operations. Amongst several large projects, SMASL’s 24 year MDO contract with National Thermal Power Corporation for Dulanga Coal Mines has won several performance awards since inception in 2017. The company reported revenues of Rs 9.85 billion with an EBIDTA of Rs 1.02 billion in financial year (FY) 2025-26.
Commenting on the strategic acquisitions, Mr Vikas Singh Hooda, Chief Executive Officer, (CEO) STLL, said, “The acquisitions mark an important milestone in Sindhu Trade Links’ growth journey, strengthening its platform to participate in larger and more integrated opportunities across the natural resources and infrastructure landscape. With a combination of operating capabilities, strategic assets and an expanding international footprint, the Company is well positioned to build scale, deepen its market presence by participating in upcoming opportunities in strategic mineral development via MDO and commercial mining to build sustainable value over the long term. STLL will continue to pursue opportunities that align with its core strengths and support its ambition of building a diversified, globally relevant business platform.”
The acquisition of Advent Coal Resources involved the allotment of 300,455,030 equity shares on a preferential basis, while the acquisition of SMASL involved the allotment of 97,176,757 CCPS, convertible into equity shares in a 1:1 ratio. The transactions were approved through the requisite regulatory, corporate and shareholder processes. The acquisitions mark an important milestone in Sindhu Trade Links’ growth journey, strengthening its platform to participate in larger and more integrated opportunities across the natural resources and infrastructure landscape. With a combination of operating capabilities, strategic assets and an expanding international footprint, the Company is well positioned to build scale, deepen its market presence and unlock sustainable value over the long term. STLL will continue to pursue opportunities that align with its core strengths and support its ambition of building a diversified, globally relevant business platform.