The Company has acquired a 78.26% stake in Advent Coal Resources Pte. Ltd., Singapore, for a total consideration of ₹697.05 crore, and a 50.10% stake in Sainik Mining and Allied Services Limited (SMASL), India, for ₹225.45 crore.
Advent Coal Resources owns effectively 100% 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 & 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 Mine Developer and Operator (MDO) contract with National Thermal Power Corporation (NTPC) for Dulanga Coal Mines has won several performance awards since inception in 2017. The company reported revenues of ₹ 985 crore with an EBIDTA of ₹ 102 crore in FY 2025-26.
Commenting on the strategic acquisitions, Vikas Singh Hooda, Chief Executive Officer, (CEO) Sindhu Trade Links Limited, 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 (Mine Developer and Operator) & 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 30,04,55,030 equity shares on a preferential basis, while the acquisition of SMASL involved the allotment of 9,71,76,757 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.
