+
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
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?