Gujarat NRE Coke Ltd, India’s largest independent coke producer, has announced that it is all set to invest around Rs 300 crores [Rs30 billion] in Gujarat over the next 4 to 5 years.
The metallurgical coke producer said that it will invest Rs 12 billion in a 200 megawatt (MW) wind power project and Rs 10 billion in a 200 MW thermal power plant. It would also invest Rs 5 billion on adding additional capacity at its coke and coal preparatory plants and Rs 3 billion on a 60 MW heat-based power plant.
Moreover, the company is also planning to set up a greenfield coke plant in the Nellore district of Andhra Pradesh with a capacity of one million tonnes. Currently, the company’s coke capacity of about 1 million tonnes will be expanded to 1.25 million tonnes by March 31.
Over the next few years, the company is also expected to emerge as one of the largest coking coal producers in Australia. the only Indian company with coking coal mines in that country.
Source: Topnews
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