Jindal Steel & Power (JSPL) is poised to take up an underground expansion plan at one its two coking coalmines in Australia. JSPL’s step-down subsidiary, Wollongong Coal (WCL), has received nod from Australia’s New South Wales State for the expansion.
The company had sought expansion of the profitable mine to 3 million tonnes (mt) a year from the current capacity of 1 mt. The New South Wales Government has asked an empowered committee to give the permission by March next year.
JSPL is a part of Jindal Group and is a leading player in Steel, Power, Mining, Oil & Gas and Infrastructure. The company produces economical and efficient steel and power through backward integration from its own captive coal and iron-ore mines and passes on the benefits to its customers.
| Company Name | CMP |
|---|---|
| Jindal Steel | 1217.55 |
| Lloyds Metals&Energy | 1506.25 |
| Jai Balaji Inds | 63.84 |
| Steel Exchange India | 8.86 |
| Rajputana Stainless | 123.05 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: