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
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.