SAIL to tap solution for cooking oil optimization
The fluctuating price of imported coking coal is bleeding Steel Authority of India Limited (SAIL), as the company has to pay heavily for importing good quality coking coal for its steel plants. SAIL is desperate in finding alternative solution to reduce its coking coal import. In order to find a solution SAIL’s Colliery Division in collaboration with CSIR-Central Institute of Mining & Fuel Research, Dhanbad has organised a workshop for “Augmentation of Indigenous Coking Coal Supply in Steel Industries” at Kolkata. SAIL’s director (Raw Materials & Logistic), Kalyan Maity, and director, CSIR-CIMFR P K Singh, took initiative to bring in the industry experts to address the burning issue of optimising the use of domestic coking coal resources for steel industry.
With the 6% growth assumption, India is expected to produce 111 million tonne of steel by 2020. Accordingly the import demand of coking coal is expected to go up to 75 million tonne form the 44.7 mt in 2014-15, as presented by metal junction in the workshop. The Forex outgo will increase to $ 6.9 billion from $3.5 billion for the import.
SAIL’s Advisor (Coal), Sri N C Jha, former-chairman CIL, who inaugurated the workshop, stressed on increasing the domestic production of coking coal and is hopeful about reducing the import dependence in future.