| (Press
Release, March 10, 2004)
Gujarat
NRE Coke announced having tied up its entire requirement of
coking coal requirement for its coke plant at Jamnagar and
the new unit being set up near Kandla Port for the year 2004/05
with Australian and South African Coal Mining Companies.
Till Last year, the Company was sourcing its entire coking
coal requirement exclusively from BHP Billiton, the world�s
largest resource Company and for the current year BHP Billiton
renewed their coal supply contract to NRE Coke. Looking at
the ongoing supply shortages from Australia, Company has also
gone for a long term deal with Kumba Resources at South Africa
to provide for an additional source of coking coal and has
also entered in few other contracts with other Australian
coal companies for the balance requirement of 2004/05.
With coal supply contracts already in place and given the
very good reputation of its main coal suppliers BHP Billiton
in honoring all their contracts and supporting their customers
even in most difficult circumstances, NRE Coke is fully confident
of maintaining full production at both its coke plants and
service its long term domestic customers. |
