SAIL anticipates 4 Russian coking coal ships in Q3

29 Sep 2023 CW Team

Amarendu Prakash, Chairman, Steel Authority of India (SAIL), informed that the company was expecting four ships of coking coal from Russia in the September quarter, each with a capacity of 75,000 tonne. He mentioned that similar shipments had occurred in the first quarter (April-June). Additionally, Prakash revealed that the company was actively working on doubling coking coal production capacity in the International Coal Ventures (ICVL) at Mozambique, which currently stands at 2 million tonnes per annum. SAIL holds approximately 48% stake in this joint venture, as per its latest annual report. Addressing the challenges faced by the company, Prakash stated that the on-going high prices of coking coal were directly impacting the company's margins. He also expressed concerns about Europe's carbon tax mechanism, which would further increase the cost of Indian steel exports to Europe. To mitigate these challenges, he informed that the Indian government was in the process of developing local taxation rules and fiscal incentives to counterbalance the impact of these developments. Moreover, Prakash discussed the introduction of the carbon border adjustment mechanism (CBAM), a pioneering initiative worldwide. He mentioned that starting next month, importers of goods into the European Union would be required to report the emissions embedded in their products. Importers of steel goods would have to pay for these emissions in their shipments from 2026, a move that India planned to challenge at the World Trade Organization (WTO).

Infrastructure Transport

18 Dec 2025

RVNL secures Rs 1.65 billion railway bridge project from North Eastern Railway

Rail Vikas Nigam (RVNL) has received a Letter of Award (LoA) from North Eastern Railway for a Rs 1.65 billion railway infrastructure project, strengthening its order book and showcasing its expertise in complex railway construction.The project involves constructing the substructure of a major railway bridge over the Gandak River, located between Paniyahwa and Valmikinagar stations. This is part of the doubling of the Gorakhpur Cantt–Valmikinagar railway section, aimed at improving line capacity and operational efficiency.The bridge will feature 14 spans of 61 metres each, built on double D-t..

Raebareli’s Modern Coach Factory rolls out 15,000th railway coach

The Modern Coach Factory (MCF) at Raebareli in Uttar Pradesh has achieved a major manufacturing milestone with the rollout of its 15,000th railway coach on December 15, the Ministry of Railways said.In a press note, the ministry said that MCF has already produced 1,310 coaches in the current financial year 2025–26, reflecting sustained high output at one of Indian Railways’ most advanced passenger coach manufacturing units.Established in 2007 at Lalganj in Raebareli district, MCF was built at a cost of Rs 31.92 billion with an initial annual production capacity of 1,000 coaches. The factor..

RailTel wins Rs 260.88 million IT infrastructure order from VOC Port

Navratna public sector undertaking RailTel Corporation of India has secured an IT infrastructure order worth Rs 260.88 million from V.O. Chidambaranar Port Authority (VOC Port), strengthening its presence in port-led digital transformation projects.According to an exchange filing dated December 16, 2025, RailTel has received a Letter of Acceptance (LoA) from VOC Port Authority for the implementation of advanced IT infrastructure at the port. The project is domestic in nature and is scheduled to be completed by August 15, 2026.The company said the order has been awarded in the normal course of ..