“Continuing mining activities will boost coal supplies while also providing employment locally, and adding to the GDP substantially” adds coal company director Vatsal Agarwal.
Vatsal Agarwal’s maiden business venture started off with a humble turnover of Rs. 4 crore, but soon proliferated to Rs. 100 crores in a span of just 4 years. The company today is a pioneer in providing superior quality Met Coke to top steel companies in India like Tata Chemicals Limited, Nirma Limited, Saurashtra Chemicals Limited, DCW Limited, Hindalco Industries Limited, Hindustan Zinc Limited, Welspun Steel Limited, Sal Steel Limited, etc.
India has been working to boost foreign investments in this regard. The auctioning of commercial coal mines recently by sour government has been a sincere attempt to bring back the glory of India’s coal mines. In the three rounds of auction, around 38 online and offline bids were made. Our country is rich in coal mines and this must be adequately used to enhance various other correlated sectors like steel and infrastructure. Around 42 mines have been auctioned till date.
With the coal production in India is boosted by 32.5 per cent in June 2022, the power generation as a result has also considerably increased. Out of the topmost 37 coal mines, as many as 22 mines produced 100 per cent plus coal this year. “This is an encouraging number to take into account! With a significant increase in the production of this raw material, our sights must be on accentuating the growth of power generation, as well as to manufacture world-class steel.”, says Vatsal Agarwaal of Simplex Coke.
Vatsal Agarwaal adds, “Simplex Coke has been committed to help in reducing the import bills of the country. Our high-tech manufacturing facility in Porbandar, Gujarat has been working extensively to meet the nation’s demand of superior quality of met coke.” Vatsal Agarwal has also recently taken over the BSE listed company Stratmont Industries Limited.
Coal company director Vatsal Agarwal’s prudence has been rewarded by Mr. Ganga Prasad who is the Governor of Sikkim in 41st conclave of NRI’s at Constitution club Delhi in April 2022. He presented Vatsal Agarwaal with the ‘Yuva Rattan’ award. Yuva Rattan award is rewarded to youth like Vatsal Agarwaal for their service towards the nation.
Vatsal Agarwal’s forward thinking and need for clear communication with his employees and clients has brought his company Simplex Coke to great heights today. Vatsal Agarwal believes, “Human communication and empathy is essential to achieve success in any area and the met coke sector is no different. Employees, our labor force and clients build a company and not just the service or product. If our staff and customers are satisfied, the final outcome will be remarkable.”
Vatsal Agarwaal is also playing his part as an accountable citizen of India and contributes to the growth of the nation by involving himself in the ‘Make In India’ scheme under the leadership of Prime Minister Narendra Modi. So for this he has signed an MOU (Memorandum of Understanding) with the Gujarat government, under ‘Vibrant Gujarat’ initiative with which he has set up new industrial units as India has a shortage of coke for numerous infra purposes.
Vatsal Agarwal highlights, “The coal ministry’s aim should be to reduce thermal coal imports and make the country Aatmanirbhar in the arena”. He further added that continuing mining activities will boost coal supplies while also providing employment locally, and adding to the GDP substantially.
As India forges towards economic progress and our resilience to grave circumstances like the recent pandemic increases, companies like simplex Coke & Refractory are preparing themselves to put India on the map of a bigger Met Coke picture. www.simplexcoke.com