Haldia Coke & Chemicals

Fuelling India's steel industry

About

Haldia Coke is one of India’s top three metallurgical coke (“met-coke”) producers. The company is part of the Shriram Group based in South India. Haldia Coke currently has an in-house met-coke manufacturing capacity of 0.27 MTPA (million tons per annum). It has also backward integrated into coking coal mines, and owns two mines in the United States. The company is one of three merchant producers of met-coke in India which has a captive raw-material supply to hedge against price volatility, as prices of coking coal are dynamic and is also one of two merchant producers that can produce power as a by-product of the process.

Potential

India is the world’s fourth largest manufacturer of steel, and estimates suggest that steel capacity in India is expected to grow at ~10% p.a. till 2020, thereby creating additional demand of met-coke. A part of the met-coke demand also comes from foundries, ferro and ferro alloy industries, which are also expected to grow at a similar pace.

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