Ennore Coke’s Holding Company Receives Rs 125 Crore Worth Of Funding From Gaja Capital (26-Jul-2010)
Ennore Coke’s holding company, Haldia Coke and Chemicals, has received Rs 125 crore worth of investment from Gaja Capital Partners in the form of private equity.
Haldia Coke plans to use the investment proceeds for augmenting its power, metallurgical and mining production capacity. It is promoted by Shriram EPC and other associates. Further, Haldia Coke controls 60.86% stake in Ennore Coke.
Ennore Coke had reported a net profit of Rs 9.24 crore for the financial year ended March 31, 2010 against just Rs 0.08 crore for the financial year ended March 31, 2009.
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