Search Copying and distributing are prohibited without permission of the publisher
Email a friend
  • To include more than one recipient, please separate each email address with a semi-colon ';', to a maximum of 5

  • By submitting this article to a friend we reserve the right to contact them regarding AMM subscriptions. Please ensure you have their consent before giving us their details.

SunCoke Energy, Visa Steel launch Indian coke venture

Keywords: Tags  SunCoke Energy, Visa Steel, Visa SunCoke, Vishambhar Saran, metallurgical coal, coke, India, Steel First Stacy Irish

NEW YORK — Metallurgical coal producer SunCoke Energy Inc. and Indian steelmaker Visa Steel Ltd. have launched a joint-venture coke plant in India to serve local steel producers’ growing need for raw materials.

The venture, Visa SunCoke Ltd., will consist of a 400,000-tonne-per-year heat-recovery coke plant and associated steam-generation units. It will be located in the southeastern town of Kalinganagar in Odisha state. 

Lisle, Ill.-based SunCoke Energy has invested 3.68 billion rupees ($67.9 million) and holds a 49-percent interest in the plant. Kolkata-based Visa Steel holds the other 51 percent.

“As infrastructure, housing and transportation needs accelerate in India, local steelmaking companies will require high-quality coke, and Visa SunCoke is prepared to be their supplier of choice,” Visa Steel chairman Vishambhar Saran said. 

“The coke industry in India is a key market that offers attractive growth opportunities, and we believe that Visa SunCoke is well-positioned to grow its coke business and become an industry leader,” he added. 

A version of this article was first published by AMM sister publication Steel First.

Have your say
  • All comments are subject to editorial review.
    All fields are compulsory.

Latest Pricing Trends