New Delhi: “India’s leading coke producer Gujrat NRE Coke will invest about $400 million to expand its mining capacity seven million tons per annum from the present 4.5 lakh tonne per annum over the next four years,” said a top company executive.
“At present, we have a capacity to produce 4.5 lakh tons of coke from our mines in Australia. We will invest $400 million to augment it to one million by the first quarter of next year and to seven million tonne over next four years,” Gujarat NRE Coke Vice-Chairman & Managing Director Arun Kumar Jagatramka said.
“The company is the only Indian firm which owns and operates two coal mines Down Under,” he claimed.
Also, the company would invest Rs4.5 crore to increase Coke production to 2.5 million tonne from present one million tonne by 2010.
“Coke is processed from coking coal. We will invest around Rs4.5 crore to produce 2.5 million tonne of coke by 2010, increasing it from the present output of a million tonne,” he said.
Besides, the company will invest Rs3.5 crore to set up its processing plant at Nellore in Andhra Pradesh. Gujrat NRE coke has two plants in Gujarat, one at Jamnagar and other at Bachhua. The coke-producer also has a plant at Dharwad in Karnataka.
“Coking coal and coke are two essential inputs for the steel industry,” he said, adding the company welcomes long-term contracts with steel makers, as mooted by the government.
“We have a long-term contract with Kalyani Steel and are in talks with 3-4 domestic steel producers for the purpose,” he said.