Civil engineering and construction firm Patel Engineering Ltd is close to acquiring a mid-sized coal mine in Indonesia for 1 billion rupees, a newspaper report said on Friday.

    The mine will be used for Patel Engineering's proposed 1,200 megawatt power plant in Gujarat, the Economic Times report said.

    "We have identified a few coal mines in Indonesia as buyout targets. Out of it, we will be acquiring one very soon," the paper quoted Managing Director Rupen Patel as saying.

    The target mine in Indonesia is owned by a local individual with a 100-million-tonne coal reserve, the report said.

    Patel Engineering is setting up the power plant in phases with a total investment of 60 billion rupees, which it would be funding through a mix of debt and equity.