Gujarat NRE Coke
GUJNRECOKE · Oil & Gas > Industrial Gases & Fuels · Chairman: Arun Kumar Jagatramaka · MD: Arun Kumar Jagatramaka · Listing date: Sept. 12, 1996

Gujarat NRE Coke (GNCL), the flagship company of Gujarat NRE group, incorporated in 1986, is the largest producer of metallurgical coal, also known as met coke. Gujarat NRE is the only Indian company with coking coal mines in Australia having around 652 million tons of Coking Coal resource with excellent coking properties. The coal mines are owned through its subsidiary, Gujarat NRE Coking Coal Limited, listed on the ASX. The hard coking coal production is being increased from current level of 2 MTPA to 6 MTPA by 2015 making it one of the top 10 hard coking coal producers in the world.

The company has 27.5 MW wind power energy and has also set up mini a steel mill plant in Gujarat that recycles steel scrap using wind energy to manufacture TMT bars.

The company has made various investments in Australian exploration companies; namely 18.63% stake in Zelos Resources NL, an Australian mining company, 19.9% in Rey Resources a Sydney based company, 11% in Pike River Cola and 12% equity interest in Plouton Resources.

The company has forayed into the e-commerce segment through acquisition of SteelRX Corporation, an online trading in steel and other metal.

GNCL owns a subsidiary namely Gujarat NRE Minerals, erstwhile Gujarat NRE Australia Pty, which is a largest manufacturer of low ash metallurgical coke and Gujarat NRE Resources NL that is engaged in mineral exploration and production.

The company also owns NRE No. 1 Colliery, formerly known as South Bulli Colliery, which has reserves of over 300 million tonnes of coking coal located at Australia.

The group is also the largest petroleum exploration block owner amongst the Indian companies in Australia. Gujarat NRE Coke Ltd, through forward integration has also forayed into steel making and power generation through the renewable energy route. The company has 87.5 MW wind power energy and has also set up a mini steel mill in Gujarat to recycle steel scraps using green wind energy to manufacture TMT Bars. The company is currently setting up 60 MW power plants out of the waste heat emanating from the coke making process, while over next few years’ targets to increase metallurgical coke making capacity to 4 MTPA along with 240 MW of waste heat based power plants.

Manufacturing units

GNCL's manufacturing units are located at Khambalia, Bhachau in Gujarat and Dharwad, Karnataka.

Its Khambalia unit started production of LAM Coke in 1994-95 with 3 chimneys with 48 ovens and an installed capacity of 0.1 million tonnes per annum (MPTA). Today the plant has 11 chimneys with 260 ovens having an installed capacity of 3.58 lakhs MTPA.

The company’s Bhachau unit is a green-field project and started its commercial production in first quarter of 2004 with an installed capacity of 0.324 million TPA. Its current production is 0.682 million TPA.

The company has promoted Bharat NRE Coke, which owns the Dharwad unit in a joint venture with Kalyani Steels. The plant has 8 chimneys and an installed capacity of 0.324 million TPA.

Awards/ Achievements

  • Company's CMD, Mr Arun Kumar Jagatramka has been nominated for “The Australian of the Year Awards 2010”.
  • Company's CMD, Mr Arun Kumar Jagatramka has been ranked 8th among "India's Most Valuable CEO", (sectorwise ranking) list complied by Businessworld, November 2009.
  • Company's CMD, Mr Arun Kumar Jagatramka has been ranked 39th in "The Value Ranking" list published by Businessworld, November 2009. 
  • Company's CMD, Mr Arun Kumar Jagatramka has been ranked 44th in "India's Highest Paid CEO" list published by Businessworld, November 2009.
  •  GNCL has been ranked 289th from 407th Last Year in the “Top 500 Companies in India” list published by ET 500, November 2009.
  • GNCL has been ranked 45th in the "India's 500 Best Performing Mid-Size Companies" published by 9.9 Media, June 2009
  •  GNCL has been awarded ISO Certificate for QMS (Quality Management System) 9001:2000.
  • GNCL has been rated "AA-" by CARE for it's long term debt instrument.
  • GNCL has been rated "P1+" by CARE for it's short term debt instrument.
  • GNCL has been recognized with the "Trading house" status by Government of India.
  • GNCL has been identified as one of the “India’s Fastest Growing Small Companies” published by Business Today in 2005.
  • GNCL has been identified as one of the “Top 10 Wealth Creators” by The Economic Times in 2004.
  • Business Standard has awarded GNCL with the “All India Super Rank No. 1” for 2004-05 in its survey of 1000 listed companies of India for outstanding growth in Sales, Profits, Net Worth, Assets and Market Capitalization.
  • GNCL has bagged the “Outlook Money Awards 2004” for “Best Value Creator” among Mid-size Companies (Runner-up).
     
  • GNCL has been awarded the “Greentech Safety Silver Award” for the year 2002-03 in the Coke sector by Greentech Foundation, a non profit organization.