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| Ennore Coke to invest Rs 75 crore in Haldia plant |
| BS Reporter / Kolkata/ Bhubaneswar Feb 10, 2010, 00:14 IST |
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Ennore Coke Limited, a domestic manufacturer of metallurgical coke, would invest Rs 75 crore in scaling up the capacity of its coke plant at Haldia (West Bengal) from 1.5 lakh tonnes per annum to 3 lakh tonnes per annum.
The expansion plan is set to be achieved by the end of 2010-11. Ganesan Natarajan, chief executive officer, Ennore Coke, said, “We are going to double the capacity of our coke plant at Haldia. We expect to achieve this by the end of the next fiscal.” Asked on the company's plan to set up a mega coke plant at the upcoming Dhamara port in Orissa, he said, “Our proposal has not made any significant headway. The land acquisition for the project is pending and we are looking to expedite it.”
Ennore Coke planned to set up a one million tonne per annum coke plant at the upcoming Dhamara port in Orissa at an investment of about Rs 1,400 crore. The plant needs 250-300 acres of land.
As per the company's original plan, the coke plant at Dhamara was scheduled to be operational by the end of 2010. The plant would have a coking coal requirement of 1.3 million tonnes per annum.
At present, the coking coal requirement of Ennore Coke stands at 7,20,000 tonnes per annum.
Ennore Coke was aiming to pick up stakes in overseas coal mining assets as it was looking at securing raw material supplies.
“We are conducting due diligence on a few overseas coal assets including Broughton coal mines in Australia. Ennore Coke is interested in picking up stake in an operational coal mine”, Natarajan said.
Brought coal mines were currently valued at $15 million. Besides this coal asset, Ennore Coke was also scouting for acquisition of coking coal properties in New Zealand.
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