http://www.moneycontrol.com/india/news/recommendations/buy-gujrat...

http://www.moneycontrol.com/india/news/recommendations/buy-gujrat-nre-coke-targetrs-100-krc/286085


"We feel GNCL business can fetch better valuation because the coke prices are on an upswing, the spread is increasing and the increase in valuation because of the investments. The coke prices have moved from ~$230/ton in March’07 to ~$290/ton currently. The company’s announcement to purchase BHP Billiton Elouera coking coal mine will provide additional coal reserves for at least 15 years of production."