North East based Mahalaxmi Group has bagged an export order for Low Ash Metallurgical Coke to Indonesia through its group company Mahalaxmi Continental Limited.
The material was sent to Paradip port and the ship after loading 22000 MT of LAM Coke onboard sailed recently.
Naveen Singhal, Chairman and Sanjay Kedia, Executive Director said that more orders are in pipeline with the company and the same would be dispatched to various South Asian and European countries in next two months. "This opportunity shall also facilitate the company to have a focused approach in supplying the critical raw material to various other neighbouring countries to meet their domestic demand," the duo stated Singhal said that the initiative was taken by the company in line of Act East policy and Atma Nirbhar Bharat which was a call given by Prime minister Narendra Modi.
Mahalaxmi group is one of the main importers of Coal in the country. The company stated that it has Coke & Power manufacturing plants in the state of Assam, Orissa and West Bengal catering to the needs of Steel, Ferro Alloys, Silicon industries.
Industry associations have written to Prime Minister Narendra Modi on deteriorating coal supply to the non-power sector, stating that curtailment in fuel supply by rail as well as road and road cum rail (RcR) modes over the last few weeks has pushed the sector towards a "catastrophic" situation. Moreover, fertiliser being part of the regulated sector is also suffering immensely due to supply crunch from the indigenous sources, they said in a joint representation.
The associations include the Aluminium Association of India, Coal Consumers' Association of India, Confederation of Indian Textile Industry, Indian Captive Power Producers Association, Sponge Iron Manufacturers Association, and Fertiliser Association of India.
"While regular supply of coal rakes to the utilities have helped the stock of dry fuel at the country's power plants to rise, we beg to state that despite several representations by various industry players as well as the associations, the coal supply scenario to the non-power sector has deteriorated even more. Further curtailment in supply by rail as well as road and road cum rail (RcR) modes since the last few weeks has caused the plight of NRS consumers to descend towards catastrophic conditions," they said.
The industries like aluminum, cement, steel, sponge-iron, paper, fertiliser, chemical, rayon and and their captive power plants (CPPs) are mostly dependent on domestic coal as fuel as well as a direct feed in the process of manufacturing.