Jindal Steel and Power (JSPL) is planning to bid for iron ore mines in Odisha in forthcoming auctions, which are scheduled to start in October-November to ensure raw material supply to its plants. The Naveen-Jindal led firm is planning to expand the production capacity of its plant in Odisha to 6 million tonnes per annum (mtpa) from 2 mtpa by the end of next year.
The 12 mineral-producing states, including Odisha, will auction 82 mining blocks that contain minerals such as iron ore, bauxite, limestone by October-November. The government passed a new law (MMDR Amendment Act, 2015) in March this year to pave way for auction of iron ore and non-coal mineral mines in States.
Jindal Steel & Power 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.
