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Gujarat NRE Coke Ltd has announced the following Audited results for the year ended March 31, 2008:

The results for the Year ended March 31, 2008

The Company has posted a net profit of Rs 1728.80 million for the year ended March 31, 2008 as compared to Rs 557.30 million for the year ended March 31, 2007. Total Income has increased from Rs 5336.00 million for the year ended March 31, 2007 to Rs 9188.90 million for the year ended March 31, 2008.

The Consolidated results are as follows

The Audited Consolidated results for the Year ended March 31, 2008

The Group has posted a net profit of Rs 1692.50 million for the year ended March 31, 2008 as compared to Rs 491.50 million for the year ended March 31, 2007. Total Income has increased from Rs 5330.70 million for the year ended March 31, 2007 to Rs 9625.70 million for the year ended March 31, 2008.

Gujarat NRE Coke Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 18, 2008, inter alia, has approved the following:

1. The Board has recommended payment of Final Dividend @ 25% for the year 2007-08 subject to approval of members.

2. The Board has recommended an issue of Bonus Shares subject to the approval of members, at the rate of 2 Shares for every 5 Shares held at the record date to be fixed by the Board.

3. The agenda item on Rights issue was deferred by the Board.

Further the Company has also inform that the Register of Members & Share Transfer Books of the Company will remain closed from September 08, 2008 to September 17, 2008(both days inclusive) for the purpose of payment of final dividend & 21st Annual General Meeting (AGM) of the Company to be held on September 17, 2008.

Gujarat NRE Coke Ltd has announced the following Unaudited results for the quarter ended June 30, 2008:

The Company has posted a net profit of Rs 944.00 million for the quarter ended June 30, 2008 as compared to Rs 428.20 million for the quarter ended June 30, 2007. Total Income has increased from Rs 1523.80 million for the quarter ended June 30, 2007 to Rs 3821.20 million for the quarter ended June 30, 2008.

The Consolidated results are as follows:

The consolidated results for the Quarter ended June 30, 2008

The Group has posted a net profit of Rs 1214.50 million for the quarter ended June 30, 2008. Total Income is Rs 4037.70 million for the quarter ended June 30, 2008.

Gujarat NRE Coke Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 18, 2008, inter alia, to transact the following business:

1. To consider and approve the draft Financial Results of the Company for financial year ended March 31, 2008.

2. To recommend a Dividend, if any, for the financial year 2007-2008, subject to the approval of members of the Company.

3. To consider and take on record Unaudited Quarterly Financial Results for the quarter ended June 30, 2008 (Q1) and Audited Financial Results as well as consolidated Financial Results for the year ended March 31, 2008.

4. To consider issuance of bonus shares.

5. To consider issuance of shares on rights basis.

6. To fix date(s) for closure of Share Transfer Registers and Register of Members of the Company for the purpose of holding 21st Annual General Meeting.

7. To fix date, lime and place for holding 21st Annual General Meeting of the Company.

Gujarat NRE Coke Ltd has informed BSE that the Committee of the Board of Directors of the
Company at its meeting held on June 02, 2008, has issued and allotted 68,208 Equity
Shares of Rs 10/- each at a premium of Rs 38.04 per share pursuant to Conversion Notice(s) received from the holder(s) of 1% Unsecured Foreign Currency Convertible Bonds (FCCBs) for conversion of FCCBs of US$ 75,000.

Consequently, the Paid-up Capital of the Company has increased from 33,70,17,176 Equity Shares of Rs 10/- each to 33,70,85,384 Equity Shares of Rs 10/- each.

Gujarat NRE Coke Ltd has announced the following results for the quarter & year ended March 31, 2008:

The Unaudited results for the Quarter ended March 31, 2008

The Company has posted a net profit of Rs 642.00 million for the quarter ended March 31, 2008 as compared to Rs 509.30 million for the quarter ended March 31, 2007. Total Income has increased from Rs 1866.70 million for the quarter ended March 31, 2007 to Rs 3993.60 million for the quarter ended March 31, 2008.

The Un-Audited results for the Year ended March 31, 2008

The Company has posted a net profit of Rs 1695.40 million for the year ended March 31, 2008 as compared to Rs 557.30 million for the year ended March 31, 2007. Total Income has increased from Rs 5336.00 million for the year ended March 31, 2007 to Rs 9179.00 million for the year ended March 31, 2008.

The figures for the year ended March 31, 2007 are Audited.

Gujarat NRE Coke Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 27, 2008, inter alia, has passed the following resolutions:

1. Allotment of Secured Non-Convertible Redeemable Debentures amounting Rs 100 crores to Axis Bank Ltd.

2. Allotment of 25,00,000 Equity shares of Rs 10/- each at a price of Rs 120/- each (including a premium of Rs 110/- per share) consequent upon exercise of option to convert Warrants by M/s. Vartika Traders Pvt Ltd.

3. Payment of Directors Remuneration of 1% of net profits of the Company for a period of 3 years commencing from April 01, 2007 to be equally divided amongst Non-Executive Directors subject to approval of the shareholders.

4. Revision in remuneration of Mr. A K Jagatramka, Vice Chairman & Managing Director, by inclusion of payment of 1% of net profits of the Company commencing from April 01, 2007 to his existing remuneration for the remaining tenure of his appointment.

5. Revision of remuneration of Mr. R P Jain, Executive Director for the remaining tenure of his appointment.

Gujarat NRE Coke Ltd has informed BSE that the Committee of the Board of Directors of the
Company at its meeting held on March 17, 2008, has issued and allotted 18,18,900 Equity
Shares of Rs 10/- each at a premium of Rs 38.04 per share and 5,00,192 Equity Shares of Rs 10/- each at a premium of Rs 52.50 per share respectively pursuant to Conversion Notice(s) received from the holder(s) of FCCBs for conversion of FCCBs of US$ 20,00,000 and US$ 7,00,000 respectively.

Consequently, the Paid-up Capital of the Company has increased from 33,14,83,524 Equity Shares of Rs 10/- each to 33,38,02,616 Equity Shares of Rs 10/- each.