SAIL expands Russian coking coal imports amid shortage and rising costs

07 Nov 2023 CW Team

The Chairman of Steel Authority of India, Amarendu Prakash, announced that the company intends to increase its procurement of coking coal from Russia due to its more affordable prices. Prakash stated that the company is expecting four shipments, each with a capacity of 75,000 tons, in the quarter ending December.

Coking coal, a crucial raw material in the steelmaking process, is currently facing a shortage. Prakash explained to reporters during an industry conference that Russian coking coal is more cost-effective when compared to the coal sourced from Australia. Australia presently provides over half of India's coking coal imports, which total around 70 million metric tons annually. Apart from Russia, India also imports coking coal from the United States.

Since April, SAIL, the largest state-owned steel producer in the country, has received eight shipments from Russia. Due to the escalating import expenses related to coking coal, Indian steel companies are considering raising the prices of various steel grades, as reported by Reuters last month.

Building Material

12 Sep 2025

Trishakti Industries Secures Major Tata Steel Order

Trishakti Industries Limited has secured a significant order from Tata Steel Ltd for the deployment of advanced machinery and skilled manpower at one of the steel major’s flagship project sites.The contract, awarded domestically, involves the hiring of machines along with manpower, with execution set to be completed by 20th September 2025. The initial contract period is 12 months. The total fresh capital expenditure for the project is approximately Rs 1.5 million, while the overall contract value is expected to exceed Rs 5 million inclusive of taxes.This order marks a reinforcement of top-ti..

Kalpataru Projects Secures Rs 27.2 Billion in New Orders

Kalpataru Projects International Limited (KPIL), a leading EPC player in the power transmission and distribution (T&D) and civil infrastructure sector, along with its international subsidiaries, has received new orders and notifications for projects worth approximately Rs 27.2 billion.The projects include:Power Transmission & Distribution (T&D) initiatives in India and overseas.Buildings and Factories (B&F) projects in India.Manish Mohnot, MD & CEO of KPIL, said, “We are delighted with the strong ordering momentum in our T&D and B&F businesses. The orders include ..

ACME Solar Secures Rs 38.92 Billion Financing for Barmer Project

ACME Solar Holdings rose 2.05 per cent to Rs 308.50 after its wholly owned subsidiary, ACME Venus Urja, secured long-term project financing of Rs 38.92 billion from the State Bank of India (SBI).The funds will be utilised for the development and construction of a 400 MW Firm and Dispatchable Renewable Energy (FDRE) project in Barmer, Rajasthan. The loan repayment is structured over 19 years.The Barmer-based FDRE project is contracted with NHPC at a tariff of Rs 4.64 per unit. It will integrate solar power generation with a Battery Energy Storage System (BESS) to ensure higher reliability and d..