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SAIL, BCCL Partner to Develop Coking Coal Blocks in West Bengal
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CNBC TV18•25-09-2026, 18:32
SAIL, BCCL Partner to Develop Coking Coal Blocks in West Bengal
- •State-owned Steel Authority of India Ltd (SAIL) and Bharat Coking Coal Ltd (BCCL) signed an MoU for the joint development and operation of two coal blocks in West Bengal.
- •The agreement covers SAIL’s Indikatta Ramnagore Coal Block and BCCL’s East of Damagoria (Kalyaneshwari) Coal Block, aiming to develop domestic sources of coking coal.
- •SAIL reported a two-fold jump in consolidated net profit to Rs 1,644.05 crore in the June quarter, primarily due to reduced expenses.
- •Despite a decrease in crude steel output to 4.76 million tonnes (MT) and sales to 4.16 MT in Q1 FY27, SAIL increased its total income to ’26,451.21 crore.
- •SAIL Chairman Ashok Kumar Panda highlighted the company's significantly profitable first quarter through enhanced operational efficiencies, prudent cost management, and focused marketing initiatives.
Key Questions Answered
The memorandum of understanding covers SAIL’s Indikatta Ramnagore Coal Block and Bharat Coking Coal Ltd’s East of Damagoria (Kalyaneshwari) Coal Block for joint development and operation in West Bengal.
Steel Authority of India Ltd reported a two-fold jump in consolidated net profit to Rs 1,644.05 crore for the June quarter, primarily driven by reduced expenses.
SAIL operates under the Ministry of Steel as India's largest public sector steel-making entity, possessing an annual capacity of over 20 million tonnes.
