| Gujarat NRE, which is the country's leading independent manufacturer of low ash metallurgical coke, informed the Bombay Stock Exchange of the same and said it had also contracted to take four lakh tonne per annum of Pike River's Premium hard coking coal. |
| "The unique low ash and low phosphorus levels, top-of the-range plasticity (fusibility) and strong coking properties of Pike River Coal will allow the company to develop coke with the performance characteristics sought by the makers of high quality steel," said Arun Kumar Jagatramkavice, chairman and managing director, Gujarat NRE Coke. |
| Jagatramka would be appointed on the board of Pike River after the completion of the planned initial public offering, the company said. |
| "Our aim is to secure the hard coking coal resources to meet the demands of our indian customers and those in other countries," Jagatramka added. |
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