After oil, India imports discounted Russian coking coal from Russia, which can boost the bottom line of Indian steel makers as a key fuel for steel plants is now available at a lower cost
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This partnership follows the signing of a Memorandum of Understanding (MoU) between the two companies, aiming to explore lower-carbon pathways for steel production through the blast furnace (BF) route
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In the first quarter (Q1) of FY 2024-25, Sail reported consistent crude steel production of 4.68 million tonnes, matching the 4.67 million tonnes produced in Q1 FY'24
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This partnership aims to enhance the financial well-being of Sail employees while expanding PNB's customer base within the steel sector
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Steel body highlights the potential benefits in achieving capacity expansion targets and addressing obstacles of individual firms in resource acquisition, while raising awareness about FSNL disinvestment
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The new plant, which has received initial board approval, will be located near the existing IISCO Steel Plant and will have a production capacity of 4.08 million tonnes (mt)
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