Supply of Coking Coal to Steel Plants
The Union Minister of Steel Shri Beni Prasad Verma has said that there are constraints in availability of requisite quantity and quality of indigenous coking coal for steel industry of the country, due to which the domestic steel industry imports coking coal from various countries to fulfill its requirement.
In a written reply in the Rajya Sabha today, he said that the Government is encouraging formation of joint ventures between steel companies for the purpose of acquisition of coking coal assets abroad. As an initiative of Ministry of Steel, Government of India has set up International Coal Ventures Limited (ICVL), a Joint Venture Company with Steel Authority of India Limited (SAIL), Coal India Limited (CIL), Rashtriya Ispat Nigam Limited (RINL), NMDC Limited and National Thermal Power Corporation (NTPC) as its promoter companies, for acquisition of coking coal assets / companies abroad for meeting the current and growing requirement of coking coal of PSU steel plants.
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