of Gujarat NRE
Gujarat NRE Coke Ltd (GNCL),
the flagship company of Gujarat NRE group is the largest independent
producer of met coke in India. Identified as the 4th best
performing stock in this decade in the country, GNCL has also
been ranked 7th by Business Today in 10 year profit growth
(BT 500 ranking). Gujarat NRE is the only Indian company with
coking coal mines in Australia having more than 560 million
tons of Metallurgical Coal resource with excellent coking
properties. The coal mines are owned through its subsidiaries
– Gujarat NRE Coking Coal Limited, listed in Australian
stock exchange ASX. 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 group is also the largest petroleum
exploration block owner amongst the Indian companies in Australia.
Gujarat NRE has interests in oil & gas sector with the
acquisition, through its wholly owned Australian subsidiary,
in the highly prospective onshore Canning Basin, Western Australia.
Gujarat NRE Coke Ltd, through forward integration has also
forayed in to steel making and power generation through the
renewable energy route. 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 company is setting up 60 MW power plants out
of the waste heat emanating from the coke making process.
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. The group
is all set to emerge as a global resource entity with core
focus on coking coal.
Financial Results for the year ended 31st March 2010
Placement Document 2010