Millennium Post

India must scout for coking coal mines abroad: Verma

Union Minister of Steel Beni Prasad Verma reviewed the performance of Steel Authority of India Ltd (SAIL) here on Thursday. Steel Secretary DRS Chaudhary was also present on the occasion.

SAIL chairman C S Verma made a presentation on the performance of the company during the first half of the financial year.

The minister appreciated SAIL for improvement in its performance on various fronts but at the same time advised the company to speed up its pace of project completion. He expressed his concern over the falling sales of the company.

Laying thrust on acquisition and development of mines in India and abroad, Verma said that there is a need to accelerate expansion of existing iron ore mines and aggressively scout for coking coal mines abroad.

SAIL recorded a first half growth 2012-13 of 3 per cent in hot metal production over the corresponding period last year.
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