"To be the world's premier resource company by delivering superior quality products, employing the best of technology and most competitive family of human resources"
Gujarat NRE Coke Ltd (GNCL), the flagship company of Gujarat NRE group is one of the largest independent producers of met coke in India with an installed capacity of 1.5 MTPA. A well structured planning process and a timely capacity expansion initiative to keep up with current and projected demand has been the key to achieving organizational growth. In this regard, GNCL has envisaged the following fast forward path:
Streamlining of production process
Setting up of waste heat power plants at existing coke making facilities of upto 60 MW capacity
Gujarat NRE Coke Ltd (GNCL) has received the formal approval for the restructuring of the debts, from the Empowered Group of Corporate Debt Restructuring Cell (CDR). The salient features include:
Debt restructured for 10 year door to door, with two year moratorium and ballooning repayment
Funding of interest for two years
Competitive pricing / interest rate
Additional need based working captial aggregating to Rs 370 crores
Fresh Term Loan of Rs.50 cr for completing the Waste Heat Recovery Based (WHRB) power plants at Dharwad, Karnataka
The approval of the CDR package establishes the fundamental viability of our business. The package would certainly help us in realigning our debts and help revive the company.
We are confident that with the continued support of our lenders, customers, vendors and all stakeholders of the company, we would be very soon be able to achieve stability and produce tangible results which would meet the expectations of all our stakeholders.