Haldia Coke raises Rs.125 crore from Gaja Capital

Jul 27, 2010 |

IANS

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Kolkata, July 27: Haldia Coke & Chemicals Private Limited (Haldia Coke) has raised Rs.125 crore from Gaja Capital Partners, an India focused private equity fund, a statement said here Monday.

Haldia Coke would utilise the funds for expanding its mining, metallurgical coke and power production capacity.

"We are optimistic about our prospects in the metallurgical coke business due to the growth in Indian infrastructure and the resultant strong growth in several industrial segments including the steel sector.

"The investment by Gaja Capital Partners will enable Haldia Coke to double its manufacturing capacity of metallurgical coke which is in short supply in India," T. Shivaraman, managing director of Shriram EPC Limited, said.

Haldia Coke is promoted by Shriram EPC Ltd and other associates. It is an integrated merchant metallurgical coke producer with metallurgical coke plants and captive coking coal mines.

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