India to finalize efficient logistics plan to reduce steel mills’ costs

Thursday, 23 November 2023 09:50:24 (GMT+3)   |   Kolkata

A joint initiative by India’s ministries of steel, coal, transport and railways will shortly finalize the Sectoral Plan for Efficient Logistics (SPEL) aimed at reducing logistical costs for the steel industry, government sources said on Wednesday, November 22.

They said that under SPEL, an encompassing study has been completed, analysing supply and demand of steelmaking inputs like iron ore and coal requirements up to 2030, including preparation of a strategic plan for logistics required to handle such forecast volumes.

For example, the coal ministry has readied a plan for integrated coal evacuation under the Coal Logistics Policy 2023, wherein it states that costs of logistics in handling forecast coal transportation by rails could be cut by 14 percent.

It also envisages that reduction of lead times in coal handling by railways and diverting higher volumes from road to rail holds the potential to cut carbon emissions by 100,000 mt by 2030.

AjoyDas
Ajoy Das
Editor

I graduated from the University of Kolkata with a degree in economics and have three decades of experience in reporting for leading print media publications, covering key manufacturing industries like iron and steel, energy (fossil and renewable), chemicals and petrochemicals and mining sectors (coal, bauxite, iron ore and copper). I work as a correspondent for SteelOrbis reporting on the Indian steel industry covering pricing and trade trends across the value chain, capacity creations and utilizations, corporate developments, government policy frameworks and industry related news.

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