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Austral Coke and Projects is mainly engaged in manufacture of low ash metallurgical coke (LAM Coke). It is also in the business of equipment rental, refractory and textile trading. The scrip of the company listed at Rs 201.40 on the NSE against the issue price of Rs 196 at a premium of 2.76%.
Rishi Agarwal, MD, Austral Coke expects Rs 500 crore revenues for FY09. Coke is seeing a global shortage and is undergoing a boom worldwide, he said. He sees no revenues from textiles in FY09 but sees major contribution from coke.
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