Bharat Coking Coal to boost output as steel firms battle volatile prices

With volatile coking coal prices hurting the margins of domestic steel producers, Bharat Coking Coal Ltd (BCCL), a subsidiary of Coal India Ltd (CIL), is looking at ways to enhance its production by adding five washeries at its facility.
 
“BCCL has put up two washeries and will soon place three more, which will help improve the production of coking coal,” a source close to the development told Business Standard.
 
Washed coal is more expensive because it burns longer, thus providing more energy.
 
BCCL operates coking coal mines in Jharia and Raniganj, in Jharkhand and West Bengal, respectively.