Gujarat NRE to start Dharwad operations in October
September 19th, 2009 - 6:18 pm ICT by IANSKolkata, Sep 19 (IANS) Metallurgy coke producer Gujarat NRE Coke is likely to start production at its Dharwad facility in Karnataka next month, a top company official said here Saturday.
“The Dharwad plant is almost ready with a quarter million tonne capacity. Production will start shortly,” Gujarat NRE chairman and managing director Arun Kumar Jagatramka told reporters on the sidelines of the company’s annual general meeting.
The greenfield Dharwad coke oven battery project, set up by company subsidiary Bharat NRE Coke, has eight chimneys and an installed capacity of 0.324 million tonnes per annum.
Gujarat NRE’s Indian operations produce over one million tonnes of metallurgy coke, with the company now planning to increase capacity by setting up two plants of one million tonnes each in Andhra Pradesh and Gujarat that would take its total capacity to around four million tonnes in the next three to five years.
Its Australian operations yielded 0.85 million tonnes of coke last year, and Jagatramka said a target of 1.7 million tonnes has been set for March 2010, and 2.5 million tonnes for March 2011.
Among other developments, he said Gujarat NRE has decided to issue bonus shares carrying differential voting rights in the ratio of one share for every 10 normal shares held.
“The decision to issue shares carrying lower voting rights was taken at a board meeting today,” he said.
- Gujarat NRE Coking Coal gets nod for longwall mining in Australia - Mar 28, 2012
- 6 mn tonnes coking coal from Australia by 2015: Gujarat NRE - May 23, 2011
- Gujarat NRE Minerals to file draft papers for IPO - Sep 10, 2010
- Gujarat NRE Coke's Australian subsidiary raises Rs.320 crore - Feb 17, 2011
- Gujarat NRE to invest Rs.1,000 crore for plant in Andhra - May 13, 2010
- Larsen and Toubro bags Rs.1,610 orders in Q1 - Jun 24, 2011
- Nod for upgrade of Gujarat NRE's Australian mine - Oct 18, 2011
- Gujarat NRE places $90 million order with Joy Manufacturing - Apr 26, 2010
- GNM approved for acquiring Rey Resources - Aug 12, 2009
- Gujarat NRE posts Rs.1.02 bn net profit - Nov 01, 2008
- Gujarat NRE Coke approves issuance of 5 crore warrants - May 15, 2012
- Gujarat NRE Coke's net profit down 19 percent - Nov 09, 2011
- Gujarat NRE Coke Board to consider rights issue - Sep 11, 2008
- JSW crude steel production rises 8 percent in H1 FY11 - Oct 08, 2010
- Gujarat NRE expects coke prices to go up from January - Dec 22, 2009
Tags: annual general meeting, arun kumar, australian operations, board meeting, bonus shares, chimneys, coke oven, company subsidiary, differential, greenfield, gujarat nre coke, indian operations, kolkata, managing director, metallurgy, one million, sidelines, target, tonne, voting rights