Oilex has been providing consultancy to a leading US Coal producer for over two decades. Over the years, we have helped build enduring and mutually beneficial relationships for our overseas associates with reputed Public Sector and Private steel companies for supply of metallurgical coal.

India is now the 2nd largest steel producer of the world with production at 111.2 million tonnes (MT) in 2019. Annual Crude steel production is expected to reach 112-114 MT (million tonne) during the current Financial Year. Implementation of ambitious plans for capacity expansion has been underway over last few years, some of which has already come on-stream, with more capacity to be installed in the coming years. The growth in the Indian steel sector has been driven by domestic availability of raw materials such as iron ore and cost-effective labour. However, metallurgical coal of the quality required for for BOF route of production, is not available in India and is being imported from Australia, USA, Canada, Mozambique, Indonesia, Russia etc.

Considering the growing installed capacity for steel production, we have been keen to identify and develop new sources of Metallurgical coal, PCI Coal and Corex coal for establishment as regular, reliable sources under long term supply arrangements with Indian users. This is an on-going exercise as we continue in our endeavour to look for suitable sources.

We also have been providing services to a leading Indonesian producer of Thermal Coal for many years and has supported them with Long Term supply contracts.

We continue our efforts to source new coals for the Indian power and cement industry.