Singapore's Tembusu Partners invests $7.5 million in Param Mitra Coal Resources.

Singapore private equity investor, Tembusu Partners has made a $7.5 million investment in Param Mitra Coal Resources, backed by Sindhu family which owns India-based Sainik-Aryan Group.

Param Mitra Coal Resources Pte Ltd. (PMCR) owns two operating coal mines in East Kalimantan province of Indonesia.

The $7.5 million investment is out of the $20 million investment underwritten in January 2014 by The Islamic Bank of Asia, a joint venture of Singapore's DBS Bank and investors based in the Gulf Cooperation Council, a statement said.

ET