Mumbai, Jan. 5 -- Public markets-bound Bharat Coking Coal Ltd (BCCL), the largest producer of coking coal in India, is pinning its growth story on rising demand from the steel sector, for which the commodity is a key input, the company's management said on Monday.
Coking coal is used to make coke, a key input for steel production. This coal sells at a premium to thermal coal, which is burned for heat in power plants and other industries.
"The real value of coking coal is not getting reflected properly in the Coal India valuation. Now, when anybody will purchase the Bharat Coking Coal shares, will become a direct beneficiary of India's steel growth story," Manoj Kumar Agarwal, chairman and managing director of BCCL, said in an interview ...
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