Indian delegation to visit Mongolia for coking coal discussions

01 Oct 2024 CW Team

An Indian delegation, consisting of senior government officials, will travel to Mongolia next month to discuss the potential import of coking coal from the landlocked country. This initiative aims to diversify sources of raw materials, enhancing the availability of this crucial steel-making component while optimizing production costs.

Steel Secretary Sandeep Poundrik informed PTI, "We are exploring the possibility of importing coking coal from Mongolia. An industry delegation previously visited Mongolia, and now a government delegation will follow next month."

Currently, India relies heavily on a limited number of countries, primarily Australia, for 80-90% of its coking coal needs. Due to the distance, it takes months for cargo ships to deliver the raw material, increasing overall production costs for steel manufacturers.

Importing coking coal from Mongolia, which is geographically closer, will benefit domestic steel producers by improving raw material availability and reducing costs. The government is actively pursuing measures to source coking coal from both Russia and Mongolia. Additionally, state-owned SAIL has already imported coking coal from Russia for steel production.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..