Gujarat NRE Coke has reportedly scrapped Andhra coke unit plan due to weak demand. The company has also returned 250 acres of land for the said plan to government.
Earlier in November 2008, the company proposed to set up a new coke making unit near Krishnapatnam in Nellore district of Andhra Pradesh. The project costing around Rs 350 crore was expected to produce 1 million tonnes of coking coal per year.
Gujarat NRE Coke is the only Indian company with coking coal mines in Australia having over 650 million tonnes of Coking Coal resources with excellent coking properties. The coal mines are owned through its subsidiary- Gujarat NRE Coking Coal, listed on the ASX.
