Gujarat NRE Mineral
Postal Ballot Result June'2014
Statement of Audited Financial Results for the Year ended 31st March, 2014
Lenders approve Gujarat NRE Coke Ltd’s CDR proposal
Gujarat NRE Coke Ltd (GNCL), the flagship company of Gujarat NRE group is one of the largest independent producers of met coke in India with an installed capacity of 1.5 MTPA. Identified as the 4th best performing stock in 1st decade of this millennium, GNCL has also been ranked 7th by Business Today in 10 year profit growth (BT 500 ranking).
Gujarat NRE Coke Ltd has two metallurgical coke plants in Khambhalia and Bhachau in Gujarat and the third plant in Dharwad in Karnataka. GNCL has also forayed into steel making and power generation through the renewable energy route. The company has 87.5 MW wind power energy and also has a mini steel mill in Gujarat to recycle steel scraps using green wind energy to manufacture TMT Bars. The company is currently setting up 60 MW power plants out of the waste heat emanating from the coke making process.
The Group has eminent independent professional directors and is headed by Mr Arun Kumar Jagatramka, a qualified Chartered Accountant with an all India 1st rank and gold medal. The group is all set to emerge as a global resource entity with core focus on coking coal and metallurgical coke.