Kolkata, May 13: Gujarat NRE Coke said it will invest around Rs 1,000 crore in an upcoming one million-tonne coke plant, besides a 60-MW power utility, in the state.
“We will invest Rs 800 crore to Rs 1,000 crore in the AP plant,” Gujarat NRE Coke chairman, Mr Arun Jagatramka said, adding the acquisition of land was underway and work on the project would begin by December this year. The plant would require 500 acres, he added.
At present, Gujarat NRE has two coke plants in Gujarat and Karnataka with a combined capacity of 1.36 million tonnes. It is the largest merchant coke producer in the country.
Mr Jagatramka said the AP plant, catering to the needs of user industries located on the east coast, would be ready by 2013.
Stating that the investment was part of the capex plan, he said said the company plans to spend Rs 200 crore annually as capex over the next two years. — PTI