Synergy Capital Acquires Gujarat Metallurgical Coke Plant to Strengthen Steel Supply Chains

Synergy Capital, led by Sudhir Maheshwari, has successfully acquired the Saurashtra Fuels metallurgical coke plant located in Mundra, Gujarat. This strategic move positions Synergy Capital as a key independent producer of metallurgical coke in India, reinforcing its presence in the upstream steel supply chain. Metallurgical coke, a critical raw material in steelmaking, is essential for producing high-quality steel used in industrial, infrastructure, and construction projects.
The acquisition enables Synergy Capital to secure a stable supply of metallurgical coke, thereby enhancing the reliability of inputs for steel manufacturers. By controlling the production and availability of this vital raw material, the company aims to support smoother operations in steelmaking and reduce potential supply disruptions. This is particularly significant for infrastructure-focused steel projects, where timely availability of steel is crucial for meeting construction deadlines and maintaining project efficiency.
The Mundra plant, with its established production capacity and operational infrastructure, is expected to play a central role in Synergy Capital’s growth strategy. The company plans to resume full-scale operations promptly, optimising the facility to meet rising domestic demand for metallurgical coke. This acquisition not only strengthens Synergy Capital’s position in the steel supply ecosystem but also contributes to the overall stability and growth of India’s steel sector.
With infrastructure development remaining a priority across the country, ensuring a consistent supply of steel-making inputs is vital for industrial and construction projects. By integrating the Mundra metallurgical coke plant into its portfolio, Synergy Capital aims to bolster the efficiency of the steel supply chain, supporting long-term growth in both steel production and infrastructure development. This strategic acquisition is a clear demonstration of the company’s commitment to strengthening upstream capabilities and enhancing resilience in the steel industry.