Synergy Capital completed the acquisition of Mundra Coke Plant from Saurashtra Fuels for INR20bn.

Synergy Capital, a private equity fund, completed the acquisition of Mundra Coke Plant from Saurashtra Fuels, a low ash metallurgical coke manufacturer anf exporter, for INR20bn. The acquisition by Synergy Capital is aimed at securing a scarce raw material in a structurally under-supplied metallurgical coke market, with the added advantage of proximity to the large commercial ports of Mundra and Kandla, Maheshwari told ET.