Gujarat NRE sees floods raising coking coal demand

Gujarat NRE

India's Gujarat NRE Coke sees demand in place of coking coal from its Australian piece 'rising substantially' similar to floods near destroy food to Asian steelmakers, a senior representative thought on Wednesday.

Extra than two months of driving rains in Australia's Queensland state, the world's chief exporter of coal in place of steel-making, maintain gone collieries sunken, rail outline permanent and coal ports running by the side of a drip -- if by the side of all.

However, Gujarat NRE's Australian mine - located in New South Wales - was unaffected, Chief Financial Officer PR Kannan told Reuters on the call up.

"There are rebuff issues in New South Wales so my mine is operating normally," Kannan thought. "But, I'll benefit from senior prices. It will definetely help our fortunes in the carry on quarter."