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MoU on coking Coal - India and Russia
July 17 , 2021
1154 days
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- The Union Cabinet approved a Memorandum of Understanding (MoU) between India and Russia on cooperation in coking Coal.
- The Coking coal is used for Steel making.
- MoU was signed between Ministry of Steel (India) and Ministry of Energy (Russia).
- MoU will benefit entire steel sector by reducing their input cost.
- It will reduce cost of steel and promote equity & inclusiveness.
- An institutional mechanism for co-operation in coking coal sector will also be provided by MoU.
Coking coal
- Coking coal is also known as metallurgical coal.
- It is a grade of coal which can be used to produce good-quality coke.
- Coke is an essential fuel and reactant in the process of blast furnace for primary steelmaking.
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