MoneyWorks4Me

Gujarat NRE Coke plans to merge unlisted group entity with itself

29 Sep 2012 Evaluate

Gujarat NRE Coke (GNCL) is planning to merge its unlisted group entity - Bharat NRE Coke (BNCL) with itself. Bharat NRE owns a met coke producing facility at Dharwad in Karnataka with an installed capacity of 0.32 million tonnes (mt) a year. This merger will increase the met coke production capacity by 34.8%, which is at 0.930 mt a year, at present.

As per the proposed scheme of amalgamation, BNCL shareholders will receive two shares of GNCL for every share held by them in BNCL. This will result in increase of paid-up capital of GNCL by approximately 8.8%.

Peers
Company Name CMP
Petronet LNG 278.30
Bharat Coking Coal 34.06
Linde India 7097.00
Refex Industries 292.85
IRM Energy 293.60
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: