THE FUTURE OF COKE INDUSTRY IN INDIA

Devendra K OjhaChairman, Global Coke

Limited

Disclaimer

The views expressed here contain information derived from publicly available sources that have not been independently verified. No representation or warranty is made as to the accuracy, completeness or reliability of the information. Any forward looking information in this presentation has been prepared on the basis of a number of assumptions which may prove to be incorrect. This presentation should not be relied upon as a recommendation or forecast by Global Coke Limited.

Ideally the Coke Industry should locate

At the pithead, run by the miners At the plant head, run by the steel

makers

India is unique

Because of the proliferation merchant coke makers

Located on the coasts Dependent on 100 % imported coal

Are they viable?

Not Unless

They secure supplies Attain minimum scale of operations Co generate electricity Master the art of blending Optimise the logistics

The Global Coke story in context:Supply

Supply secured for the next 12 years Stake in only operating mine in

Mozambique Assured quality Extremely favourable logistic costs Long term contracts with mining

companies around the world

The global coke story in context:Demand

Favourable location of plants Sold out order book position Growing demand in the immediate

radius Repeat orders from existing

customers

The global coke story in context:Production

All plants with waste heat recovery mechanism

Additional benefits of Carbon credits Trained manpower Professional management with

proven capabilities of unlocking values and wealth creation

The global coke story in context:Synergies

Singapore operations for global reach

Own jetty to foster coastal shipping Plans to foray into shipping to have

greater control of logistics Berge operations in Mozambique Advantage of prime mover in

emerging destination

Future Plans

Million ton plants in all four corners of India

Coal Washery in Mozambique Secure supply route from

Mozambique Aggressively acquire overseas asset

plays

Points to ponder

India’s energy hunger does not mean that we will consume all that we produce

India can cater to markets both in Europe and the Far East

Possibilities joint ventures

It’s a global village

Resource of Mozambique London listed entity Indian coke maker …. …. Why rule out more diverse

stakeholders Or more exotic destinations?

Responsible Resource Management

Scarce resources Need for latest technologies for

optimal usage More co operation between

stakeholders For sustainable development Inclusive growth Wealth creation

TWO PREDICTIONS

Coke will become increasingly dearer calling for an Indian Steel Alliance

Coke price will be the critical factor for Global Steel Competitiveness

The writing on the wall is clear

History will not be kind to us, if we fail to pick up the gauntlet

Thank You