India boosts coking coal imports from Russia

30 Nov 2023 CW Team

India is planning to increase its imports of coking coal, a crucial component in steel manufacturing, from Russia. This decision comes in response to a decline in shipments from Australia, which is the primary supplier, and the challenges faced by steel mills dealing with escalating prices.

The steel mills in India, the second-largest producer of crude steel globally, have been grappling with inconsistent supplies of coking coal from Australia. Typically, Australia contributes more than half of India's annual imports of approximately 70 million tonnes. The situation worsened last month when prices for Australian coking coal surged by 50%, exceeding $ 350 per metric tonne. This spike was attributed to factors such as maintenance outages, reduced supplies from Queensland, and a sluggish train network.

In response to the concerns raised by India, Australia reassured the country of a consistent supply of the commodity earlier this month. However, India is actively seeking alternatives to reduce its dependence on Australia and diversify its import sources.

In the preceding year, India's steel mills attempted to increase their coking coal imports from Russia. Unfortunately, the stringent economic sanctions imposed on Moscow due to the conflict in Ukraine adversely impacted the supply of Russian coking coal to Indian mills.

Despite these challenges, there has been progress in smoothening payment mechanisms between Indian buyers and Russian suppliers. As a result, India's steel mills are expected to boost their coking coal supplies from Russia.

Russian coking coal shipments are currently more cost-effective than those from Australia. Furthermore, some Russian suppliers are willing to offer discounts on their prices.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..