Coal India Ltd (CIL) and Odisha government-owned Odisha Coal and Power Ltd (OCPL) have joined hands for sale of coal produced from OCPL’s captive block at Manoharpur in Jharsuguda as a part of initiatives of the central government to produce more indigenous coal available to country beyond CIL’s production and cut imports.
While the government has aimed to curb imports of thermal coal, India’s thermal coal imports stood at 183.4 million tonne in FY19 and are likely to cross 200 million tonne in 2020, according to estimates made by ICRA.
The domestic steel sector is facing challenges in form of high input costs and unavailability of coking coal in the country, SAIL chairman A K Chaudhary said, and conveyed that the government is aware of the issues and taking appropriate measures to resolve them.
India’s crude steel output fell for the second straight month in November, declining 2.8% to 8.934 million tonne, according to a report. During November 2018, the country’s crude steel output stood at 9.192 million tonne, according to World Steel Association (worldsteel).
Global steel production also registered a 1% fall at 147.791 MT in November 2019 as compared with 149.356 million tonne in November 2018, the report said.