Gjarat NRE Minerals Limited announces takeover takeover offer for Rey Resources Limited..more
PROFILE OF GNCL
Gujarat NRE Coke is the largest independent producer of Met Coke in India and is the only Indian company
with coking coal mines in Australia having more than 500 million tons of Metallurgical Coal with excellent coking properties. The company is set to emerge as one of the largest coking coal producers in Australia over the next few years. The coal mines are owned through its subsidiaries – Gujarat NRE Minerals Limited (ASX:GNM). Besides ownership of these coal mines, the company has done cornerstone investments in resource prospecting companies that are scouting for coal, gold, iron-ore and various other base metals. The company has 87.5 MW wind power energy and has also set up mini steel mill in Gujarat to recycle steel scraps using green wind energy to manufacture TMT Bars. The Group has eminent independent professional directors and is headed by Mr Arun Kumar Jagatramka, a qualified chartered accountant with all India 1st rank and gold medal. From a single product entity, dependent on the vagaries of commodity cycles, the company is now in the process of reinventing itself as a global resource entity with core focus on coking coal.
