The board of Gujarat NRE Coke in its meeting on 30 September 2011 has granted 35,60,000 options in 4th Tranche under GNCL Employee Stock Option Scheme, 2007 to the employee(s) and director(s) of the company and its subsidiaries at a price of Rs 24.30 per share having a vesting period of 3 years/4 years/5 years respectively and carrying an option to exercise and receive one equity share of Rs 10 each in lieu of every option upon completion of vesting period and within the exercise period as per the scheme.