Gujarat NRE Mineral
I won't walk away from the Gong
Unaudited Financial Results for the Quarter ended 31st December, 2013
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 1.458 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 also holds substantial stake in Gujarat NRE Coking Coal Limited, listed on the Australian Securities Exchange (ASX). Gujarat NRE Coking Coal Limited owns two coking coal mines, namely, NRE NO.1 and NRE Wongawilli located in the Illawarra region of New South Wales, Australia. The two mines jointly have resources of over 650 million tonnes of coking coal with excellent coking properties.
Gujarat NRE Coke Ltd, through forward integration 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.