Austral Coke & Projects IPO Analysis

August 6, 2008

Keynote Capitals set “Subscribe with a long term view” recommendation on Austral Coke & Projects Ltd. IPO, which opens for subscription on August 7 and closes on August 13.

- Austral Coke & Projects Ltd. (ACPL) is a LAM Coke manufacturer with a capacity of 0.375mn tpa. Its current manufacturing facilities are located at Bhuj.

- ACPL is set to expand coke manufacturing capacity from .375 mn tpa to 0.525mn tpa and install a power plant of 8 MW. The expansion project, which also includes acquisition of mines, will be funded through the proceeds of the IPO.

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Posted in IPO