Financial Daily from THE HINDU group of publications
Wednesday, Feb 04, 2004

Cross Currency

Group Sites

Corporate - Alliances & Joint Ventures

FFE Minerals ties up with Sesa Kembla for coke oven

Our Bureau

Chennai , Feb. 3

FFE Minerals India Pvt Ltd is offering industries a modern coke oven plant that not only produces high quality coke but also meets pollution control norms and generates power as a by-product.

FFE Minerals has tied up with Sesa Kembla Coke Company Ltd, which is offering the technology to set up non-recovery type coke plants.

These plants use the gases and heat emitted during coal burning to generate power. So apart from generating coke, they save on the cost of putting up a recovery facility to control emission and produce a saleable commodity, power, as a by product.

According to the company's President and whole-time Director, Mr Rudy M. Edge, with a non-recovery type coke plant, steel and pig iron manufacturers will have their own coke generation facility and a power generation plant. Other manufacturing industries can generate power and make coke either for captive use or for selling.

Major steel manufacturers have evinced interest in the coke plants based on Sesa technology. A short supply of coke that is pushing up prices has made steel makers and pig iron foundries queue up for non-recovery type coke plants. Jindal, Kirloskar Foundries and Mangalore Chemicals and Fertilisers are putting up these plants and others such as Essar and Ispat have evinced interest, he said.

In 2004, India will need about seven million tonnes of coke but has access to just about half that amount. The balance is usually met through imports, mainly from China. But imports are expected to drop as the growth in domestic demand in China has made its Government discourage exports. This has driven up prices to about $250 a tonne coke against $150 last May.

Using the Sesa technology, a manufacturer can put up a coke plant that will generate 600,000 tonne coke a year and 50 MW power, for Rs 450 crore. The technology offers scope for flexibility is the size of coke plants. The cost would be recovered from savings on high cost coke import and power generation within a few years.

FFE Minerals is a fully owned subsidiary of F.L. Smidth group, Denmark. Sesa Kembla Coke Co is a subsidiary of Mitsui of Japan.

More Stories on : Alliances & Joint Ventures | Coke & Metalurgical Coke | Environment | Power

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Indo Rama Synthetics raises product prices

Ashok Leyland board okays share split plan
Reliance Info raises tariffs
Hind Copper increases copper cathode prices
L&T agrees to ballot on changes to Cemco demerger
C&S forms venture with Italian co
FFE Minerals ties up with Sesa Kembla for coke oven
Sahara India pact to produce movies
`We are fully geared to take on global challenges' — Dr Albert Hieronimus, Managing Director, MICO
Isha extends helping hand in rural areas
Valvoline targets Rs 250-cr sales
Toyota posts 63 pc rise in sales
State Trading Corpn posts record turnover

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line