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Tamilnadu Coke & Power secures ₹23 crore orders ahead of IPO, boosting expansion plans

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Mid Corporate 07 Feb 2024 02:42 PM IST The Hindu BusinessLine

Tamilnadu Coke & Power Ltd (TNCPL) has received orders for ₹23 crore in low ash metallurgical coke from Mukand Ltd, a speciality steel manufacturer, and SLR Metaliks Ltd, a Karnataka-based metals manufacturer. TNCPL is currently raising funds through an IPO.

This week, the company delivered LAM (low ash metallurgical) coke to Mukand Ltd. and will soon provide LAM coke to SLR Metaliks Ltd. “These new orders are a testament to our high-quality LAM Coke and the customers’ trust in our capabilities and commitment. As we embark on our journey towards an IPO, we are determined to expand our LAM Coke business to newer regions in the country,” said Ayaan Ahuja, Chairman & Managing Director of TNCPL.

The soon-to-be-listed TNCPL produces LAM coke by generating electricity from waste heat recovery, converting and selling coking coal, and making LAM coke.