🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Lured by discounts, Indian steelmakers lap up Russian coking coal | Mint
Livemint
·
11m ago
Medial
India's imports of coking coal from Russia have increased by 53% year-on-year between January and August, making Russia the third-largest supplier of the fuel to India. The lower cost of Russian coal, available at a discount of 15-20% compared to other sources, has attracted buyers like JSW Steel and Steel Authority of India Ltd (Sail) in an effort to reduce costs. However, the poor quality of Russian coal compared to Australian supplies and geopolitical sensitivities may limit further expansion of Russian imports. Australia remains the largest supplier of coking coal to India, accounting for over half of the total imports.
View Source
Related News
CIL's coking coal production drops by 9% in May
Economic Times
·
1m ago
Medial
Coal India Ltd's (CIL) coking coal production decreased by 8.7% to 4.53 million tonnes in May, with another decline to 9.36 million tonnes noted in the April-May period. The government aims to boost domestic coking coal production to 140 million tonnes by 2029-30 under 'Mission Coking Coal,' reducing import dependency. Coking coal is crucial for steel production, and initiatives are underway to enhance domestic coal washing and utilization to improve energy efficiency and decarbonization.
View Source
Indian imports of Russian coal fall, US shipments rise
Money Control
·
1y ago
Medial
Indian imports of Russian coal have decreased while imports from the US have increased in the three months leading up to May, according to data from coal consultancy Bigmint. The drop in Indian imports of Russian coal is mainly attributed to Russian supplies becoming less competitive. Thermal coal shipments from Russia saw a 67% decline, while purchases of steelmaking grades increased. The decline in Russian coal imports by India follows fresh western sanctions on Russia due to the war in Ukraine. However, buyers stated that the main issue affecting Russian coal was the drop in global prices rather than the sanctions.
View Source
Coking coal hits five-month high on government mine inspections
Economic Times
·
16d ago
Medial
Coking coal prices in China surged to a five-month high due to government inspections on coal mines, raising supply disruption concerns. The most active coking coal contract on the Dalian Commodity Exchange rose 11%, marking a third consecutive session of hitting the trade limit. The inspections cover major coal production regions, potentially impacting the output for 2024. Meanwhile, iron ore prices saw a slight decline after a brief rally influenced by the announcement of a large hydropower project in Tibet.
View Source
Coal India Shares Heat Up on IPO Buzz for Two Arms
OutlookIndia
·
2m ago
Medial
Coal India shares surged by up to 4% following reports about the company's plans to list two subsidiaries, Bharat Coking Coal and Central Mine Planning & Design Institute. The listing process has begun, with a draft red herring prospectus soon to be filed. Despite the stock's recent gains, it had lost over 11% in the past year. Coal India accounts for over 80% of domestic coal production, with plans to expand critical mineral projects overseas.
View Source
Coal India consultancy unit CMPDIL files for IPO
VCCircle
·
2m ago
Medial
Central Mine Planning and Design Institute Ltd (CMPDIL), a consultancy unit of Coal India, has filed for an IPO, planning to sell up to 71.4 million existing shares. The draft prospectus was filed without disclosing the IPO size. CMPDIL, India’s largest coal and mineral consultancy, offers services in mine planning and exploration. SBI Capital Markets and IDBI Capital Markets are managing the IPO. Meanwhile, Coal India has not yet filed IPO papers for Bharat Coking Coal Ltd.
View Source
JSW Steel eyes acquisition of 20% stake in Australian coal mine
Money Control
·
1y ago
Medial
Indian steel company JSW Steel is reportedly in talks to acquire a 20% stake in the Blackwater coal mine in Australia, owned by Whitehaven Coal. The deal is estimated to be worth between $750 million and $1 billion. The Blackwater mine is one of the largest open-cut metallurgical coal producers in Australia's Bowen Basin. JSW Steel has been actively seeking to secure its coking coal supply and increase its production capacity. Other interested parties in the Blackwater mine include the AvidSys Group and Japanese trading houses Itotchu, Marubeni, and Sojitz.
View Source
BCCL targets Rs 40,000 Cr topline by FY30
YourStory
·
1y ago
Medial
Bharat Coking Coal Limited (BCCL), a subsidiary of Coal India, aims to achieve a revenue of Rs 40,000 crore by FY30 through increased production and diversification. BCCL plans to expand its production capacity from 41 million tonnes per year to over 100 million tonnes, with a capital expenditure of Rs 3,000 crore by FY30. The company also plans to increase its production of washed coal, leading to import substitution and cost savings. BCCL is inviting bids for the development of coal washeries to attract steel sector participation. Additionally, BCCL is venturing into coal bed methane (CBM) and solar power.
View Source
ArcelorMittal's India JV seeks duty-free LNG imports, letter shows
Money Control
·
10m ago
Medial
ArcelorMittal's India joint venture, AM/NS India, has requested that the Indian government eliminate the import tax on liquefied natural gas (LNG) for steelmaking purposes. The company believes that removing the tax would help reduce production costs and support decarbonisation goals. Steel production accounts for approximately 8% of global carbon emissions, and using LNG instead of coal as a fuel source can help lower emissions. AM/NS India's proposal, if accepted, would also benefit other steelmakers in the country, such as JSW Steel and Tata Steel.
View Source
Tata Steel signs pact with UK govt for largest investment in UK steel sector
Livemint
·
1y ago
Medial
The UK government is set to provide funding to help Tata Steel finance a new electric arc furnace at its Port Talbot plant, aiming to safeguard 5,000 jobs out of more than 8,000. This move is part of the government's efforts to help steelmakers transition away from carbon-intensive blast furnaces. The project is expected to reduce direct emissions by 50 million tonnes over a decade. The electric arc furnace will replace existing coal-powered blast furnaces, significantly lowering carbon emissions and securing steel production in the region.
View Source
Coal India to supply more coal to power plants than annual contracted quantity | Mint
Livemint
·
12m ago
Medial
Coal India Ltd (CIL), the world's largest coal mining company, has decided to supply more coal to power plants than their annual contracted quantities (ACQs). This change eliminates the provision that previously limited coal supplies to a maximum of 120% of ACQ. With a current coal stock of 72 million tonnes, CIL aims to meet the increasing power demand in India. The government plans to add 80 gigawatts of thermal capacity by 2032 to the current 210.96 GW capacity.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
