Gujarat NRE Coke Limited among India’s Fastest Growing Small Companies
(Business Today, March 2005)

The Rs. 285-crore, Gujarat NRE Coke (GNCL), India’s only independent producer of metallurgical coke is not just growing, but rewarding its retail investors as well. For instance, it declared bonuses in 2001-02 (1:2), 2002-03 (1:2) and 2003-04 (1:1). “Our profitability is Rs 4,000 per tonne compared to a capital cost of Rs 2,000 per tonne,” says Sumit Kumar Khetan, President, GNCL. To maintain its growth momentum, the company is more than doubling capacity to 1.4 million tonnes this fiscal and has bought an Australian mine to ensure timely supply of raw material.