what about gujarat projects ? On Fri, May 14, 2010 at 12:52 PM, abhishek mundra < [email protected]> wrote:
> Gujarat NRE Coke to invest Rs 10 billion in an upcoming one > million-tonne coke plant, besides a 60-MW power utility, in Andhra Pradesh > > · Gujarat NRE Coke said it will invest around Rs 1,000 crore in an > upcoming one million-tonne coke plant, besides a 60-MW power utility, in > Andhra Pradesh. "We will invest Rs 800 crore to Rs 1,000 crore in the AP > plant," Gujarat NRE Coke chairman Arun Jagatramka said, adding that > acquisition of land was underway and work on the project would begin by > December this year. The plant would require 500 acres of land, he added. At > present, Gujarat NRE has two coke plants in Gujarat and Karnataka with a > combined capacity of 1.36 million tonnes. It is the largest merchant coke > producer in the country. > > · He said that the Andhra Pradesh plant, catering to the needs of > user industries located on the east coast, would be ready by 2013. Stating > that the investment was part of the normal capex plan, Jagatramka said that > the company plans to spend Rs 200 crore annually as capex over the next two > years. Jagatramka said that the company was eyeing a turnover of Rs 1,500 > crore in FY'10 and Rs 2,000 crore in FY'11. Meanwhile, the Gujarat NRE > Mineral Resources Limited, which has a controlling stake in Gujarat NRE > Coke, is coming out with a rights issue to raise Rs 120 crore. > > > > > -- > > -- > You received this message because you are subscribed to the Google Groups > ""GLOBAL SPECULATORS"" group. > To post to this group, send email to [email protected]. > To unsubscribe from this group, send email to > [email protected]<globalspeculators%[email protected]> > . > For more options, visit this group at > http://groups.google.com/group/globalspeculators?hl=en. > -- Thanks & Regards Team FinPower http://finpower.blogspot.com Group:[email protected] <group%[email protected]> FaceBook:-http://www.facebook.com/home.php?#!/pages/FinPower/316009055309 Twitter:-http://twitter.com/FinPowerin SMS update:- Join FinPower 567678 -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
