Ahmedabad, Aug 12 (UNI) Gujarat NRE Coke's two mines in New South Wales in Australia is all set to attain critical mass in the current fiscal.
Both the mines produce premium hard Coking coal obtained after washing in India and is being shipped out of Port Kembla to the company's facilities in India.
The augmented production comes at a time when there is a global shortage of Coking coal with prices reaching historic highs, a release issued here today said.
The company has also made public its plans to set up a Greenfield 1 million tonne per annum coke plant in Andhra Pradesh.
This plant too will have its captive power plant and coal washery to ensure fully integrated functioning.
With the Indian steel making capacities set to more than treble over the next decade, the demand for coke too is expected to grow at a robust rate. When the fact that globally, there is a demand supply mismatch in the commodity the upward spiral in the prices seem not only justified but also one that will, according to experts, continue to seek newer high's.
The company has 22 wind mills in the Kutch Region of Gujarat and is also in the process of setting up further 20 wind mills. After its commission, the company's power generating capacities will rise to 87.5 MWS. The company is also in the process of setting up waste heat power generating systems, which will use the waste heat from the coke making process and generate 60 MW of power, the release said.
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