Coal India to supply 3.45 mn ton Washed Coking Coal to Steel Sector in FY 23
- Jun 27, 2022, 09.45 AM
- DealMoney News Service
Coal India Ltd.(CIL) is planning to set up and operationalize nine more new washeries with a capacity of 30 MTPA.
With setting up of new washeries, it is estimated that CIL will be able to supply about 15 MT of washed coking coal to the steel sector, thereby reducing import of coking coal. There is need to set up more washeries to enhance capacity to meet the fast increasing demand of coking coal in the country.
During FY 22, CIL supplied 1.7 MT washed coking coal to the steel sector and has set a target of 3.45 MT during FY23.
To further enhance raw coking coal production, the Ministry of Coal has auctioned 10 coking coal blocks to the private sector with a PRC of 22.5 MT during the last two years.
CIL has planned to increase raw coking coal production from existing mines up to 26 MT and identified nine new mines with PRC of about 20 MT by FY 2025.
With these transformative measures taken by Ministry of Coal under ‘Atmanirbhar Bharat’ initiative of PM, domestic raw coking coal production is likely to reach 140 MT by 2030.
