Indian imports of Russian coking coal poised to double soon
COAL & MINING

Indian imports of Russian coking coal poised to double soon

After reaching 54 million tonnes in FY23, India's coking coal imports are expected to account for one- fifth of that figure in the current year, significantly driven by imports from Russia. The country currently imports approximately 90% of its 60 million tonnes coking coal requirement, with Australia being the dominant contributor, supplying over 70%. However, India has been actively seeking to diversify its sources of steelmaking coal and has identified Russia as a preferred option due to favourable pricing and efficient delivery.

Steel Secretary Nagendra Nath Sinha emphasised the importance of diversifying import sources to mitigate supply disruptions caused by environmental disturbances and geopolitical events. While the decision to explore new import markets ultimately lies with individual companies based on quality and pricing assessments, India's steel and energy ministries signed a memorandum of understanding with Russia in October 2021 to develop coking coal sources, collaborate on mining and steel manufacturing technologies, and procure the raw material. JSW Steel, JSPL, and SAIL have already initiated imports of Russian coking coal, with plans to expand their procurement in FY24.

SAIL, which currently imports about 17 million tonnes of metallurgical coal annually from various sources, expressed its intent to diversify its vendor base and reduce dependence on existing sources.

The company conducted a trial import of 300,000 tonnes of coking coal from Russia in FY23, finding it suitable for their requirements. As a result, SAIL has initiated the process of entering into an agreement with the Russian supplier and expects the quantity of imports to increase in the current fiscal year.

After reaching 54 million tonnes in FY23, India's coking coal imports are expected to account for one- fifth of that figure in the current year, significantly driven by imports from Russia. The country currently imports approximately 90% of its 60 million tonnes coking coal requirement, with Australia being the dominant contributor, supplying over 70%. However, India has been actively seeking to diversify its sources of steelmaking coal and has identified Russia as a preferred option due to favourable pricing and efficient delivery. Steel Secretary Nagendra Nath Sinha emphasised the importance of diversifying import sources to mitigate supply disruptions caused by environmental disturbances and geopolitical events. While the decision to explore new import markets ultimately lies with individual companies based on quality and pricing assessments, India's steel and energy ministries signed a memorandum of understanding with Russia in October 2021 to develop coking coal sources, collaborate on mining and steel manufacturing technologies, and procure the raw material. JSW Steel, JSPL, and SAIL have already initiated imports of Russian coking coal, with plans to expand their procurement in FY24. SAIL, which currently imports about 17 million tonnes of metallurgical coal annually from various sources, expressed its intent to diversify its vendor base and reduce dependence on existing sources. The company conducted a trial import of 300,000 tonnes of coking coal from Russia in FY23, finding it suitable for their requirements. As a result, SAIL has initiated the process of entering into an agreement with the Russian supplier and expects the quantity of imports to increase in the current fiscal year.

Next Story
Real Estate

Swamiraj Rebrands as House of Swamiraj, Announces Rs 210 Cr Project

In a strategic shift marking its evolution from a reputed builder to a lifestyle-focused brand, Swamiraj Constructions has rebranded as House of Swamiraj. With a two-decade legacy and over 1,700 homes delivered across the Mumbai Metropolitan Region (MMR), the company is embracing a new phase centred on community-driven, wellness-oriented living. The rebranding was unveiled via a digital campaign titled #BeyondDimensions, executed in three phases—teaser, engagement, and launch. The campaign spotlighted the brand’s renewed commitment to designing homes that go beyond function to foster ..

Next Story
Resources

Morpho Dimensions Set to Cross Rs 1 billion Revenue in FY 25–26

Morpho Dimensions, a venture of acclaimed architecture and design firm Morphogenesis, is transforming India’s office interiors landscape with a technology-first, design-led approach. With a secured orderbook of Rs 700 million and additional projects in the pipeline, the firm is confidently on track to cross Rs 1 billion in revenue in FY 2025–26. By combining Artificial Intelligence (AI), Building Information Modelling (BIM), and Virtual Reality (VR), Morpho Dimensions enables clients to visualise and step into immersive, ready-to-operate workspaces within 90 days—ushering in a new bench..

Next Story
Real Estate

TOTO’s NEOREST Surpasses 4 Million Global Shipments

TOTO has announced that its flagship smart toilet, NEOREST, has surpassed 4 million global shipments as of March 2025, marking a major milestone in the evolution of luxury sanitation and setting a new global benchmark in design-led hygiene innovation. Launched in 1993 with the aim to redefine conventional toilets, NEOREST has consistently merged cutting-edge technology with minimalist design. Over three decades, it has become a category-defining product, earning global acclaim with prestigious honours including the iF Design Award, Red Dot, and Green Good Design Awards. The integrate..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?