Govt in process of finalising to provide PCI coal to steelmakers to cut imports

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Govt in process of finalising to provide PCI coal to steelmakers to cut imports

Notification 01 Jul 2024 11:25 AM IST PTI

The government is finalising a plan to provide steel companies with washed PCI coal to cut imports. PCI (pulverised coal injection) coal is a metallurgical coal used as an auxiliary fuel in the steelmaking process, replacing coke in part. It lowers carbon emissions and boosts efficiency in steel plants.

"We are actually thinking about a policy...whereby we will be washing and offering washed PCI coal to the steel sector (only specifically to the steel sector) end use so that we will be able to reduce imports," M Nagaraju, additional secretary, coal, said at a workshop on coal matrix for the Indian metals industry organised by industry body Ficci here. Additionally, he stated that PCI coal's ash content needed to be reduced.

Most steelmakers in the country currently import PCI coal, and demand is likely to rise to between 20 and 30 million tonnes (MT) by 2030, according to Nagaraju. "We are finalising a policy and once done, we will be able to offer washed coking coal to the steel sector specifically so that they are able to blend with the imported coking coal and reduce imports," he said. Nagaraju further said that the government will establish about eight coking coal washeries to meet the steel sector's demand.

"We are going to set up about eight coking coal washeries so that by 2030, we will have at least 60 MT of washed coking coal in the country to meet the steel sector demand," he added. India's coking coal imports rose to 57.22 MT in FY24 compared to 54.46 MT imported in FY23. Imports of PCI coal also increased to 16.69 MT in 2023-24, against 15.69 MT a year ago.

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Govt in process of finalising to provide PCI coal to steelmakers to cut imports

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