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JAN 31 2017

JSPL secures 0.5 mt coal linkage for sponge iron units

  • Economic Times, ET Bureau / Hyderabad
  • Created: Tue 31st JAN 2017

Jindal Steel and Power Ltd has secured long-term coal linkage of 0.5 million tonnes per annum for its sponge iron units.

“The company has secured long-term coal linkage of a total quantity of 0.5 million tonnes per annum for the next 5 years in the recently-concluded coal linkage auction under sponge iron sub-sector conducted by Coal India Ltd,” Jindal Steel & Power Ltd said in a regulatory filing today.

“This sourcing of coal will help the company secure fuel requirements and smoothen operations of its sponge iron units.” The company, in August 2016, had secured long-term coal linkage of 1.18 mt per annum (mtpa) for power plants in Chhattisgarh.

“...with this linkage in sponge iron sub-sector, the total coal linkage capacity of the company will be 1.68 mtpa,” it added. JSPL stock was trading 4.79 per cent higher at Rs. 83.20 on the BSE.


TOTAL Jindal Steel and Power Ltd Coal Power Trading India

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