New Delhi, May 5: Public sector Steel Authority of India Ltd
(SAIL) today said it will import 12-13 million tonnes of coking
coal during the current fiscal.
"We will import about 12-13 million tonnes of coking coal this year," SAIL Chairman S K Roongta told reporters on the sidelines of a conference here.
The Chairman said he expects to finalise a coking coal contract with BHP Billiton this month, but did not divulge further details.
Meanwhile, SAIL had signed an MoU with the Kerala government for revival of the loss-making Steel Complex Ltd (SCL). Under the MoU, SAIL will acquire 50 per cent shares of SCL, which is a subsidiary of the Kerala State Industrial Corporation Ltd, and the company will be operated as a joint venture between SAIL and the Kerala Government.
It is envisaged that the JV company will revamp the existing steel making and continuous casting facilities existing in the 50,000 tonnes per annum company SCL.