Arun Kumar Jagatramka, MD, Gujarat NRE Coke expects the demand for coke to pick up on the removal of the ban on iron-ore mining in Karnataka. Speaking to CNBC-TV18, he adds that the company plans to raise upto USD 100 million via FCCBs to fund increase in capacity in India and meet capex requirements.

Steel division to perform better going forward: Gujarat NRE

Arun Kumar Jagatramka, MD, Gujarat NRE Coke expects the company‘s steel division to perform better going forward.

Mining tax may push coal cost to record high: Guj NRE Coke

Speaking to CNBC-TV18 on the impact of the mining tax that the Australian government has decided to impose effective July 1, Arun Kumar Jagatramka of Gujarat NRE Coke says that while the company is not likely to be impacted int he near-term, coking coal prices may shoot up.

Mining tax not a problem for at least 5-7 yrs: Guj NRE Coke

Speaking to CNBC-TV18, Arun Kumar Jagatramka of Gujarat NRE Coke says that the contours of the mining tax are such that it will not impact new companies with large capex such as theirs.

See grave scarcity of coal, coke in 6 months: Guj NRE Coke

In an interview to CNBC-TV18, Arun Kumar Jagatramka, Managing Director of Gujarat NRE Coke said that the steel industry in the country is all witness serious shortage of both coal and coke, six months down the line.

Aussie tax expected at $2.7/t; no fundraising now: NRE Coke

CNBC-TV18 catches up with Arun Kumar Jagatramka, managing director, Gujarat NRE Coke to figure out the financial implication of the Australian carbon tax on the business and the way forward for the company.

Expect margins to improve during FY12: Gujarat NRE Coke

Gujarat NRE Coke has announced its fourth quarter results. In an interview with CNBC-TV18, Arun Kumar Jagatramka, MD, Gujarat NRE Coke says, realisations were higher in the second half of this quarter. He expects margins to improve in FY12.

Gujarat NRE sees long term coking coal prices at $225-250/t

In an interview with CNBC-TV18, Arun Kumar Jagatramka, MD of Gujarat NRE Coke speaking about the hard coking coal prices said, "The USD 330 or USD 300 is not something that can be sustained at the current steel prices. Post June, I expect coking coal prices to come down to the reasonable level of 225-250."

See benchmark coking coal prices at $330/t: Gujarat NRE

In an interview with CNBC-TV18, Arun Kumar Jagatramka, managing director of Gujarat NRE Coke highlighted that coking coal prices have touched the record levels of USD 330 per tonne because the previous contract high was USD 305 in 2008.

Coke prices to remain high till June: Guj NRE Coke

Gujarat NRE Coke has announced its results for the quarter ended December 2010. It has reported profit after tax of Rs 20.5 crore, down 23% as compared to Rs 26.7 crore in same period the previous year. Sales went up by 40% at Rs 438.8 crore from Rs 312.5 crore. Operaing profit margin went down at 12% versus 22%.

Coke prices will spike sharply in few months: Gujarat NRE

Arun Kumar Jagatramka, Managing Director of Gujarat NRE Coke expects coking coal prices moving up rapidly due to the panic buying situation."Queensland supplies almost 30% to 35% of the total global coking coal. The supply is suffering very heavily due to floods and there is a panic buying situation now," he explains.