New Delhi: India can meet 50% of coal coal needs from imports from Russia, the Top Industrial Executive said.
On Wednesday, the Union Cabinet chaired by Prime Minister Narendra Modi approved the pact between India and Russia regarding cooperation in coal coke.
At present, for the main steel source to make raw materials, domestic players remain dependent on imports from certain groups of countries.
VR Sharma, Jindal Steel Managing Director and Power Ltd.
(JSPL), said “The government has made a distant decision to encourage Russian miners to supply coal coke to Indian steel mills.
India can import at least 50 percent of coal coking from Russia and balancing from the country Others.
“” This will make a mixture of coal coking mixtures that are effective for making metallurgical coke.
” About 85 percent of Indian coal coal demand is filled through imports.
Cooperation with Russia will help India reduce its dependence on countries located far away like Australia, South Africa, Canada and the US for source coking coal.
It will also reduce steel production costs per ton, because Russia is geographically closer than these countries.