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SAIL seeks to acquire coking coal assets overseas

The Financial Express reports that SAIL is looking to acquire coking coal assets abroad in order to reduce dependence on imports. The article notes that 86% of SAIL’s coking coal requirement was met through import. With new projects nearing completion and production set to ramp up, forecasters expect SAIL to rely on imports for 95% of coking coal needs in the near future. Keep an eye on this story – it doesn’t appear to be a one-time only opportunity.