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JSPL secures 0.511 MTPA coal linkages for captive power plant

19 Jun 2017 Evaluate

Jindal Steel and Power (JSPL) has secured coal linkages of over 0.511 Million Tonne Per Annum (MTPA) in the recently concluded coal linkage auctions under Captive Power Sub-Sector. The coal linkages, secured for a 5-year duration, will provide steady supply of fuel to Captive Power Plants run by the company for its steelmaking operations. The three Captive Power Plants (CPP) of the company are located at Raigarh & Dongamahua (Raigarh District) - both in Chhattisgarh; and for powering its 810 MW CPP in the 6 MTPA Integrated Steel complex at Angul, Odisha.

The coal linkages will ensure a steady supply of thermal coal required to feed the Captive Power Plants at calorific costs significantly beneficial than coal procured through e-auctions.

These coal linkages would further enhance the operational efficiencies of steelmaking at the company’s recently completed 6 MTPA integrated steel plant at Angul, and at its flagship steel plant at Raigarh. Since, 2016, JSPL has secured coal linkages of close to 2.3 MTPA under various sub-sectors for 5-year timeframe.

JSPL is one of India’s fastest growing and largest integrated steel manufacturers, significantly present in Steel, Power Generation and Infrastructure segments and catering to a large part of India’s domestic energy and infrastructure requirement.

Jindal Steel Share Price

1253.20 -25.25 (-1.98%)
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