Gujarat NRE Coke Rights Issue to be considered

Gujarat NRE Coke Rights Issue to be explored by the board has led the stock gain good momentum at the close of market trading. Gujarat NRE Coke Rights issue meeting will be held on 17th September 2008 to consider issuing new shares to the share holders on Rights basis.

Gujarat NRE Coke Rights Issue Ratio and Rights issue price will be known only after the board meeting on 17th September.

Gujarat NRE Coke Financials

Gujarat NRE Coke has reported encouraging numbers with the surge in net profit of 120.5% to Rs 94.40 crore on increase in sales of 153.60% to Rs 377.64 crore in Q1 of June 2008 compared ot Q1 June 2007.

Do check back for Gujarat NRE Coke Rights Issue date, Ratio and price.