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SunCoke Energy launches JV company with VISA Steel

Wednesday, 20 Mar 2013
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SunCoke Energy, VISA Steel has formally launched coke making JV company in India.

 

VISA SunCoke, the new JV company, SunCoke Energy holds a 49 per cent interest in the joint venture, with VISA Steel holding the remaining 51 per cent. SunCoke Energy has invested approximately Rs 368 crore (USD 67 million) to acquire a 49 per cent stake in the JV company.

 

VISA SunCoke consists of a 400,000 tonne heat recovery coke plant and the associated steam generation units at Kalinganagar in Orissa. SunCoke and VISA Steel will co-manage the business with equal representation on the partnership’s board.


 

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