India, Aug. 11 -- The Government of India issued the following news release:
The Ministry of Coal had launched "Mission Coking Coal" in August 2021 to increase domestic production of coking coal in India and reduce reliance on imports, particularly for the steel sector. The achievements/ Progress under Mission Coking Coal are as follows,
Coking coal production of the country has increased from 44.79 MT in FY21 to 66.47 MT in FY25.
CIL has offered 11 discontinued coking coal mines on a new innovative model of Revenue Sharing with the private sector.
New Madhuband Coking Coal Washery of BCCL, having a capacity of 5 MTPA, was commissioned in FY24.
CIL has monetized one Coking Coal Washery.
Other initiatives to reduce dependence on imports by increasing domestic coking coal production are
Through the Amendment to the Non-Regulated Sector (NRS) linkage auction policy introduced in 2020, the tenure of coking coal linkages in the NRS linkage auction has been revised for a period up to 30 years. An increase in tenure of the coking coal linkages in the NRS linkage auction for a period up to 30 years is expected to have a positive impact on coal import substitution.
A new sub-sector 'Steel using Coking coal through WDO route' has been created in March 2024 under the NRS linkage auctions, which shall lead to an increase in the domestic coking coal consumption and shall increase the availability of washed coking coal in the country, thereby reducing coking coal imports.
The current status of setting up of new coking coal washeries are as follows:
Table Omitted (The document can be viewed at https://www.pib.gov.in/PressReleasePage.aspx?PRID=2155004 )
Disclaimer: Curated by HT Syndication.
