Indian state-run steel producer Rashtriya Ispat Nigam Limited (RINL) is seeking to import 300,000 mt of coking coal to be procured through competitive bidding, company sources told SteelOrbis on Tuesday, November 19.
Overseas coking coal miners or global coking coal suppliers representing coal miners will be eligible to bid to complete supplies and shipment by January-February 2020.
The overseas coking coal suppliers will need to ship the volumes in a minimum of four lots of 75,000 mt each, but from a single source and no blended volume will be acceptable, the sources added.
RINL operates a 6.3 million mt per year steel mill in the southern Indian port town of Vishakhapatnam, while it is planning to ramp up capacity to 7.3 million mt per year.