Austral Coke and Projects, the flagship company of Gremach Infrastructure Equipments and Projects Ltd. has filed its DRHP with SEBI on
The company proposes to list its shares on BSE & NSE. Allbank Securities is the BRLM to the issue.
The company is involved in the manufacture of coke and in the business of refractory, textile sectors and providing rental of construction/earth moving machineries to companies engaged in the business of construction. Now the company proposes to establish a 3 lakh metric tonne
The company's expansion is already underway at its existing coke manufacturing unit in
The proceeds from the issue are intended to be deployed for setting up of captive power plant of 8 MW at a cost of Rs 30.77 crore at Sindhudurg in Maharashtra; for setting up a 1.50.000 mtpa of low ash metallurgical coke (LAM-Coke) also at Sindhudurg at an outlay of Rs.78.12 crore and for acquiring coal mines in India and abroad and to acquire more prospecting licences, the cost of which is estimated at Rs 40 crores.
For the year ended