India has opened up yet another door in cooperation with its strategic energy partner Russia. Union Minister of Steel, Ram Chandra Prasad Singh, today signed a memorandum of understanding (MoU) with Russia’s minister of energy Nikolay Shulginov, for collaboration in the mining and steel sectors, with special focus on coking coal.
The move is part of India’s National Steel Policy 2017 under which the country is aiming to reach 300 million tonne steel production by 2030 while simultaneously working on forward and backward integration.
The MoU between the two countries signed in Moscow envisages implementation of joint projects and commercial activities in coking coal, including long-term supplies of high-quality coking coal to India,
