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Congratulations to India NRE Minerals Ltd

Tuesday, 17 July 2007 14:09
E-mail Print

News in Picture:

• Celebrating 120 years of Mining
• Successful Listing on Australian Stock Exchange

 

From all of us at Miss India Australia congratulations to our principal partners India NRE Minerals Ltd

Celebrating 120 years of Mining
A luncheon event organized by India NRE Minerals in Russell Vale, NSW, Australia
7 June 2007

and

Successful Listing on Australian Stock Exchange
10 July 2007
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L to R – Mr. Arun Kumar Jagatramka, Chairman, India NRE Minerals, Mr. Sujan Chinoy, Consul General of India, Sydney, Mr. Raj Suri, National Director of Miss India Australia
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Celebrating 120 years of mining at the Luncheon by cutting a cake
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Dr. Chris Harvey, Head of Mining Operations, India NRE Minerals Ltd
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Mr Arun Kumar Jagatramka, Chairman, India NRE Minerals Ltd Mr. Alex Darling, Lord Mayor of Wollongong, NSW, Australia Mr. Neville Wran, Ex Premier of NSW, Australia
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Mr Sujan Chinoy,
Consul General of India, Sydney		 Mr. Sanjay Sharma, Company Secretary, India NRE, directing the preparations at the luncheon
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India NRE Minerals lists on Australian Stock Exchange (ASX)
http://economictimes.indiatimes.com/

11 Jul, 2007

MUMBAI: India NRE Minerals Ltd, the flagship of Gujarat NRE Coke Ltd, was listed on the Australian Stock Exchange on July 10. The debutant opened at 10% premium to the issue price of A$0.50, the company informed in a release to BSE.

The initial public offering of India NRE Minerals was oversubscribed. The IPO was for 30 million shares at Australian $ 0.50 each aggregating A$15 million.

“The money raised will go toward the creation and strengthening of mining infrastructure,” said Arun Kumar Jagatramka, vice chairman and managing director.

India NRE Minerals owns and operates NRE No 1 colliery, with resources of over 300 million tonne in the southern coalfields of New South Wales.

The object of the issue was to raise funds for the commencement of long wall mining with a view towards ramping up of production from the current 1 MT to over 4 MT per year.

Post-issue, Gujarat NRE Coke would continue to hold more than 90% stake in India NRE Minerals.

Business World magazine has ranked Gujarat NRE Coke third among best performing mid sized companies (Rs 100-500 crore category) in India.

At 10:51 AM, Gujarat NRE Coke share was up 1.31% at Rs 62.15. So far, the share has seen a high of Rs 63.40 and low of 61.10 on the Bombay Stock Exchange, with volume traded at 5,02,114 shares against two-week average of 4,39,507


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India NRE debuts on ASX at premium
http://www.theage.com.au/

July 10, 2007
More information available on www.indianre.com.au, www.gujaratnre.com.au
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