Ennore Coke today said that its parent firm Haldia Coke is looking to buy a mine in the US for $20 million (about Rs 92 crore).
"Our parent Haldia coke is planning to acquire a small mine in West Virginia, US, which has reserves of 20-22 million tonnes. The acquisition cost is likely at $20 million," Ennore Coke President and CEO Ganesan Natarajan told reporters at the sidelines of a coal summit here.
Ennore Coke will double the capacity of its Orissa unit in fifteen months from 80,000 tonnes to 1.6 lakh tonnes per annum with the investment of Rs 85 crore, Natarajan added.
Haldia Coke & Chemicals Private Ltd (Haldia Coke), holds a 61 per cent stake in Ennore Coke, which manufactures high quality low ash metallurgical coke.