Austral coke to set up 6 lakh tonne plant in Vishakhapatnam
Press Trust of India / New Delhi Aug 06, 2009, 19:34 IST
Metallurgical coke manufacturer Austral Coke today said it will set up an LAM coke production unit of 6 lakh tonnes per annum (LTPA) in Vishakhapatnam, for which it has a acquired 1.82 lakh square metres of land.
The proposed plant will take its annual production capacity to 1.1 million tonnes per annum (MTPA), the company said in a filing to the Bombay Stock Exchange but did not divulge any timeframe or investment for the proposed endeavour.
"The current capacity of Austral Coke and Projects Ltd stands at 3.75 LTPA with an expansion of 1.5 LTPA in the pipeline. With this expansion the total capacity of the company will be 1.1 MTPA," the company said.
The company added that the acquired area is strategically ideal for the LAM (Low Ash Metallurgical) coke business as it is situated between Gangavaram and Vizag ports.
"Overall logistic cost will go down," it added.
Austral Coke hoped that the "massive capacity expansion coupled with huge industry demand will help the company to grow its top line."
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