Winning Strokes:

Yesterday Southern Online Bio Technologies Ltd (Why this share is hitting the Upper Circuits?? Will it hit further circuits going forward??!!), Premier Explosives Ltd and Astra Micro Ltd hit the buyer freezes: My Recommended CESC Ltd, HDIL and Videocon Industries Ltd gave good intra-day Profits:What is the story brewing in Kohinoor Foods Ltd?? Essar Shipping which was mentioned as a buy hit the buyer Freeze: Thursday call on RNRL saw great movements in the counter on Friday: Should one invest in Godawari Power and Ispat Ltd at this price or wait for the correction to happen??!! The Quickie Call Yash Paper Ltd did well on last Friday: Accumulate Ennore Coke Ltd for good gains in the short term: So how will the markets behave on the Monday Morning??!! Will the markets fall or rise??!! All these to the Paid Groups:

Coking coal prices have touched the sky:

Ganesan Natarajan, president and CEO, Ennore Coke Limited, discusses the expansion mode of the company.

Q.What is the status of Ennore Coke Ltd's 1.3 LTPA met coke and 12MW power plant at Haldia and when is it getting commissioned?

The met coke plant is almost 95 per cent complete and will get commissioned shortly. The power plant is 80 per cent complete and will be commissioned by the last week of July.

Q.Is Ennore Coke's 12 MW plant planning to sell power?

Ennore coke has already signed a power purchase agreement to sell power to West Bengal State Electricity Distribution Company Limited.

Q. Is there any plan to expand Ennore Coke Limited's production capacity to meet the market demand?

Ennore Coke Limited has already entered into a conversion agreement with Durgapur Projects Limited (DPL) for 200,000MT of coke per annum. First batch of coke production has already been completed and sold in the market. Apart from this Ennore Coke Limited has augmented its existing capacity by 85,000MT at Wellman Coke India Limited, Nergundi, and Orissa. With this, the company aims to reach 0.5 million MT by September 2008.

Q. What is your opinion about the present market trend of met coke prices in theinternational market?

Coking coal prices have touched the sky. Oil prices have also reached historical heights in the past few months and it seems the trend will continue even in the near future. In this circumstances international coke prices will be on the upswing and there is a shortage in met coke supplies.

Supply of coking coal and met coke has drastically come down. As waiting time at Australian ports is more than a months, there is no scope for reduction in coking coal and met coke prices in the near future. We are anticipating met coke prices to be quoted in the range of USD 750-800 per MT by this August-September.