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Gujarat NRE Coke plans unit in A.P.

KOLKATA: Gujarat NRE Coke, which has coke units in India and coking coal mines in Australia, on Friday announced its plans to set up a greenfield one-million tonne coke plant in Andhra Pradesh at an investment of Rs. 450 crore.

Company Vice-Chairman and Managing Director Arun Kumar Jagatramka said that necessary land had already been acquired for the project and work would begin soon. The plant would be complementary to the group’s mining plans in Australia, which is poised for growth, and would require coke production facilities to ensure maximisation of efficiencies, he said. The company, which is billed as the largest independent producer of metallurgical coke in India, has coke unit in Gujarat and in Karnataka and coking coal mines in Australia.

The board of the company which has its registered office here took on record the quarterly results which, it said, were the best since inception. For 2007-08, a 25 per cent dividend was declared. A bonus issue had also been declared in the ratio of two for every five held.

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