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Gujarat NRE Coke Ltd. Company History and Annual Growth Details

YEAR EVENTS
1986 - The Company was incorporated on the 29th and was subsequently
converted into a public limited company on 5th July, 1993. The
Company was involved in trading activity after incorporation.
The main object of the company is to manufacture and sell Low Ash
Metallurgical Coke. However after taking up the project to
manufacture Low Ash Metallurgical Coke with a capacity of one lac
TPA, the company discontinued the trading activities.

1996 - 15,06,100 No. of equity shares allotted to promoters and
21,80,300 No. of equity shares allotted through public issue to
NRIs, Employees and Indian Public.

1997 - The operations of the Company was affected by large scale dumping
of Chinese coke and other management problems.

- 52,76,370 bonus equity shares issued in prop. 11:10.

2002-Gujarat NRE Coke Ltd has informed BSE that the Board of Directors at its meeting held on August 06, 2002 has decided to issue equity shares aggregating to Rs.50 million on preferential basis and also an increase in the authorised capital of the company to accommodate such further issue subject to the consent of the members.

2003
-The company has joined hands with Suzion Energy to set up a 1.25 MVA windfarm in Gujarat.

2004

-Gujarat NRE Coke - Allotment of Shares under Scheme of Amalgamation

-Gujarat NRE Coke joins hands with Kalyani Steels to set up 3.24 lakh MTPA Coke plant in Karnataka

-The Gujarat NRE Coke Ltd (GNCL) has signed a technology transfer deal with SSIT, China, to equip its new plant at Dharwad in north Karnataka with stamp charged coke making machinery for additional 400,000 tpa capacity

2005

-Gujarat NRE acquires 5 pc stake in Aussie firm

-Gujarat NRE Coke opens Australian Mine 'NRE No 1 Colliery'

-Gujarat NRE Coke to set up its third plant at Dharwar

-Gujarat NRE acquires steel e-commerce firm SteelRX

-GNCL has been identified as one of the Indias Fastest Growing Small Companies published by Business Today in 2005.
2006

-Gujarat NRE Coke - Acquisition of Strategic Coal Asset

2007

-Gujarat NRE Coke Ltd has announced that India NRE Minerals Ltd, the Australian subsidiary of the Company has lodged an IPO Prospectus to raise AU$ 15 million (with a right to accept oversubscriptions of a further AU$ 10 million) and seek listing on the Australian Securities Exchange.

-Gujarat NRE signs pact with SAIL for setting up Cogeneration Power Plant

-Gujarat NRE to acquire 2 New Coal Ships from Japanese Shipyard

2008

-Gujarat Nre Coke Ltd. has appointed Mr. Rajendra Prasad Jain as an Additional Director.

-The Company has issued Bonus Shares in the Ratio of 2:5.

-The 2008 integral Energy Illawara Business Awards

-Gujarat NRE to dilute 10% stake in Australian subsidiary

2009

-GNCL has been ranked 45th in the 'India's 500 Best Performing Mid-Size Companies' published by 9.9 Media, June 2009

-GNCL has been awarded ISO Certificate for QMS (Quality Management System) 9001:2000.

-Gujarat NRE Coke to issue DVR Bonus Shares


 
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