Mechel establishes JV with India’s Somani Group for coal distribution

Mechel Carbon AG, the subsidiary of Russian mining and steel producing group Mechel, announced that it has established a joint venture (JV) with Northern Exim Private Limited, which is part of India-based Somani Group. The joint venture called Mechel Somani Carbon Private Limited will handle the distribution of metallurgical coal in the Indian market. Mechel Carbon AG has a 51 percent share in the joint venture.
 
According to the company statement, the project's distribution area will be located on India's east coast, 20 kilometers from the major Indian port of Vizag, in an industrially developed region.
 
Mechel's vice president for commercial activities Mikhail Urvantsev commented, "Until now we have been delivering our products only to large-scale consumers. In setting up this joint venture, we will expand the Indian market for us due to a large number of consumers desiring to acquire smaller-sized shipments of our products."