Gujarat NRE Coke (GNCL) might look at hiving off steel and wind assets in the longer-term. The company has no compulsion to monetize any assets immediately under the CDR scheme. The company doesn’t have too much of non-core assets though it has got 87.5 megahertz of wind power which is used for captive consumption unit.
Gujarat NRE Coke is the only Indian company with coking coal mines in Australia having over 650 million tonnes of Coking Coal resources with excellent coking properties. The coal mines are owned through its subsidiary- Gujarat NRE Coking Coal, listed on the ASX.
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