FCGL Industries has decided to invest about Rs 170 million in its joint venture company in Australia namely, FCGL Australia Pty. The joint venture Company has been formed for coal mining activity in Australia.FCGL Australia Pty has since acquired 2 units of underground miners with roof bolters, shuttle cars etc to carry on coal mining.According to a release issued to the BSE today, the company's investment in the joint venture will be in the form of capital contribution and corporate loan.
