Gujarat NRE Coke revenue dips down
Tuesday, January 20, 2009

The impact of the  quarterly result announcement of Gujarat NRE Coke has put the stock markets down.

 The company announced that its net sales were up by 78.8% at Rs 434.33 crore versus Rs 242.8 crore however the net profits were down by 73%.

The drop in demand from user industries like steel is said to have attributed to the slow down however the company hopes that it would have increased demands of raw material in the coming months.
--MP