Kolkata, October 15th 2008.
The Company has been receiving number of enquiries from shareholders and investors seeking explanation about the recent fall in market price of shares and also about the Company’s performance during the second quarter of 2008-09.
The Company wishes to assure that the working of the company continues to be on expected lines and the order book of the Company continues to remain full. The mines in Australia are also producing coking coal at planned levels and there is no cause for concern about the working of the Company.
The Consolidated financial results for the quarter / half-year ending September 2008 will be considered at the Board meeting scheduled in the last week of October 2008. The salient features of the metcoke operations of the company during April-September 2008 are given below:
|
For the Quarter ended |
|
For the Six month period ended |
|
Sept 2008 |
|
Sept 2007 |
|
Sept 2008 |
|
Sept 2007 |
Indian Operations
(Coke Division) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Production (MT) |
*165,127 |
|
79,280 |
|
*319,530 |
|
202,626 |
|
|
|
|
|
|
|
|
* Excludes Production for KSL |
|
|
|
|
|
|
|
|
|
|
|
|
Sales (MT) |
154,667 |
|
63,869 |
|
353,969 |
|
165,966 |
|
|
|
|
|
|
|
|
Income from Operations/
(Rs. Crores) |
406 |
|
62 |
|
716 |
|
172 |
|
|
|
|
|
|
|
|
Advance Tax Paid
(Rs. Crores) |
15.00 |
|
4.00 |
|
22.50 |
|
9.50 |
| |
|
|
|
|
|
|
|
Australian Operations
(Gujarat NRE Minerals Ltd.) |
|
|
|
|
|
|
|
Coking Coal Production (MT)
|
213,000 |
|
127,000 |
|
404,000 |
|
229,000 |
|
|
|
|
|
|
|
|
Export Sales (Aus $ millions)
(US $ converted into Aus $) |
53.86 |
|
7.32 |
|
82.24 |
|
11.71 |
The Company had installed 12 wind mills (18 MW; Rs 105 crs) in March'08 and further 26 wind mills (39 MW; Rs 227.5 crs) have been installed by September '08 and further 2 windmill (3 MW, 17.5 crs) are expected to be installed by November 08. No windmills were installed during Apr-sep'07.
The Promoters of the Company have acquired more than 82 lac shares during September and October, 2008 (till 14th Oct) as part of the creeping acquisition from the stock market.
For More Information Contact :
Mr S Ganguly
+ 91 9831008013 |