Gujarat NRE Coke Ltd, the largest independent met coke producer in India, is working towards achieving coking coal production of 2 million tonnes per annum (MTPA) from its Australian mines by this year.

"The production of coking coal from Australian mines is progressing as per schedule. We are

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According to him, met coke demand has increased considerably over the last year. The company has seen strong price rise till June in this quarter. In fact there is a global shortage of met coke and it may create a scarcity in this product as early as in 2011 and beyond. "Strong demand and continuous spiraling prices backed by operational leverage have contributed towards better margins,” he added.

Taking advantage of these, Gujarat NRE completed two export assignments this quarter.

Meanwhile, The total income of the company for the quarter ended 30th June 2010 has increased to Rs 452.15 crores, which shows a growth of around 45 per cent over Rs 310.04 crores achieved during the same period of 2009.

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