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Gujarat NRE Coke Ltd
on Friday announced setting up three power plant of 15 mw
each with a total investment of Rs.150 core.
While two power project of 15 mw each will be set up in Gujarat
at Bhachu and Jamnagor, one would be set up at Dharwad in
Karnataka.
Arun Jagatramka, vice chairman and managing director, Gujarat
NRE Coke, said that the company on Friday signed an agreement
with Sailcon,a division of Steel Authority of India (SAIL)
for providing constancy services for the implementation of
the power plants at Bhachau and Dharwad.
The power plants are being designed by using the sensible
heat of the flue gas generated from the company’s coke
oven batteries and are expected to be commissioned within
24 months.
The power projects would help the company reduce the operating
cost of its steel mills. It may be pointed out that in all
the three locations, where power plants are being set up,
the company has manufacturing of low ash metallurgical coke.
As part of its expansion the company is also doubling its
coke making capacities with an investment of Rs 70 crore at
Dharwad where it has manufacturing capacity of four lakh tones
per annum .The capacity expansion would be completed by July
2007.
The company had acquired two coal mines in Australia has
already started Production; the second one will soon start
production.
For the financial year ended March at 2007. The company had
posted a net profit of Rs 56.75 crore against Rs 54.45 crore
in the previous fiscal total income of the company stood at
Rs 513 crore against Rs 397 crore impervious years.
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