India signs MoU with Russia for cooperation on coking coal
COAL & MINING

India signs MoU with Russia for cooperation on coking coal

The government has approved a pact between India and Russia on Wednesday regarding coking coal cooperation, a key steel-making raw material for which domestic producers are still reliant on imports from a small number of countries. Imports account for approximately 85% of India's coking coal demand.

India will be able to reduce its reliance on far-flung countries like Australia, South Africa, Canada, and the United States for coking coal as a result of its cooperation with Russia. It will also lower the per-tonne cost of steel production because Russia is closer geographically than the other countries.

According to an official statement, Prime Minister Narendra Modi's Cabinet approved a memorandum of understanding (MoU) on coking coal cooperation between India's Ministry of Steel and Russia's Ministry of Energy.

The MoU's goal is to strengthen India's and Russia's cooperation in the steel sector. The activities of the collaboration are aimed at diversifying the sources of coking coal.

The agreement will benefit the entire steel industry by lowering input costs and steel production costs in the country. According to the statement, it will also provide an institutional mechanism for India and Russia to cooperate in the coking coal sector.

India imports about 56 million tonnes (mt) of coking coal worth around Rs 72,000 crore per year, according to official data. About 45 MT is imported from Australia alone, with the rest coming from South Africa, Canada, and the United States.

Domestic steel producers were previously asked by the steel ministry to obtain coking coal samples from Russia, test the raw material at their plants, and report back on the results.

Image Source


Also read: Coal India exports 4,000 tonnes of coal to Bangladesh

Also read: Coal imports in India grew by 20% to 19.92 mt in May

The government has approved a pact between India and Russia on Wednesday regarding coking coal cooperation, a key steel-making raw material for which domestic producers are still reliant on imports from a small number of countries. Imports account for approximately 85% of India's coking coal demand. India will be able to reduce its reliance on far-flung countries like Australia, South Africa, Canada, and the United States for coking coal as a result of its cooperation with Russia. It will also lower the per-tonne cost of steel production because Russia is closer geographically than the other countries. According to an official statement, Prime Minister Narendra Modi's Cabinet approved a memorandum of understanding (MoU) on coking coal cooperation between India's Ministry of Steel and Russia's Ministry of Energy. The MoU's goal is to strengthen India's and Russia's cooperation in the steel sector. The activities of the collaboration are aimed at diversifying the sources of coking coal. The agreement will benefit the entire steel industry by lowering input costs and steel production costs in the country. According to the statement, it will also provide an institutional mechanism for India and Russia to cooperate in the coking coal sector. India imports about 56 million tonnes (mt) of coking coal worth around Rs 72,000 crore per year, according to official data. About 45 MT is imported from Australia alone, with the rest coming from South Africa, Canada, and the United States. Domestic steel producers were previously asked by the steel ministry to obtain coking coal samples from Russia, test the raw material at their plants, and report back on the results. Image Source Also read: Coal India exports 4,000 tonnes of coal to Bangladesh Also read: Coal imports in India grew by 20% to 19.92 mt in May

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?