Jindal Steel self-reliant in coal with mine win

Jindal Steel and Power Ltd (JSPL) plans to stop coal imports and end buying the dry fuel from Coal India Ltd from next year following its successful bidding of Gare Palma IV/1 mine in Chhattisgarh in the recently concluded commercial mining auction.

“We hope to get the mines by April. At present, we import about 2 million tonnes (mt) and buy about 5mt from Coal India. We plan to stop the import of coal and also stop buying from CIL as the Gare Palma mine would cater to the needs of the plant. We would be self reliant, I would say,” Vidya Ratan Sharma, managing director of JSPL told The Telegraph.