Gujarat NRE Coke (GNCL), the flagship company of Gujarat NRE group, incorporated in 1986, is the largest producer of metallurgical coal, also known as met coke. Gujarat NRE is the only Indian company with coking coal mines in Australia having around 652 million tons of Coking Coal resource with excellent coking properties. The coal mines are owned through its subsidiary, Gujarat NRE Coking Coal Limited, listed on the ASX. The hard coking coal production is being increased from current level of 2 MTPA to 6 MTPA by 2015 making it one of the top 10 hard coking coal producers in the world.
The company has 27.5 MW wind power energy and has also set up mini a steel mill plant in Gujarat that recycles steel scrap using wind energy to manufacture TMT bars.
The company has made various investments in Australian exploration companies; namely 18.63% stake in Zelos Resources NL, an Australian mining company, 19.9% in Rey Resources a Sydney based company, 11% in Pike River Cola and 12% equity interest in Plouton Resources.
The company has forayed into the e-commerce segment through acquisition of SteelRX Corporation, an online trading in steel and other metal.
GNCL owns a subsidiary namely Gujarat NRE Minerals, erstwhile Gujarat NRE Australia Pty, which is a largest manufacturer of low ash metallurgical coke and Gujarat NRE Resources NL that is engaged in mineral exploration and production.
The company also owns NRE No. 1 Colliery, formerly known as South Bulli Colliery, which has reserves of over 300 million tonnes of coking coal located at Australia.
The group is also the largest petroleum exploration block owner amongst the Indian companies in Australia. Gujarat NRE Coke Ltd, through forward integration has also forayed into steel making and power generation through the renewable energy route. The company has 87.5 MW wind power energy and has also set up a mini steel mill in Gujarat to recycle steel scraps using green wind energy to manufacture TMT Bars. The company is currently setting up 60 MW power plants out of the waste heat emanating from the coke making process, while over next few years’ targets to increase metallurgical coke making capacity to 4 MTPA along with 240 MW of waste heat based power plants.
GNCL's manufacturing units are located at Khambalia, Bhachau in Gujarat and Dharwad, Karnataka.
Its Khambalia unit started production of LAM Coke in 1994-95 with 3 chimneys with 48 ovens and an installed capacity of 0.1 million tonnes per annum (MPTA). Today the plant has 11 chimneys with 260 ovens having an installed capacity of 3.58 lakhs MTPA.
The company’s Bhachau unit is a green-field project and started its commercial production in first quarter of 2004 with an installed capacity of 0.324 million TPA. Its current production is 0.682 million TPA.
The company has promoted Bharat NRE Coke, which owns the Dharwad unit in a joint venture with Kalyani Steels. The plant has 8 chimneys and an installed capacity of 0.324 million TPA.