JSPL to begin production from two overseas mines by month end

Jindal Steel and Power (JSPL) has decided to start coal production from two of its overseas coal mines in Indonesia and Mozambique by month-end, which will guarantee supply of inputs for the existing and upcoming projects.

The company is to start the production in Indonesia by August-end, where it has a thermal coal mine with reserves of over 250 million tonne (MT). Besides, it has 1.2 billion tonne of coking and thermal coal reserves in Mozambique, for which the company had obtained mining license in February 2009. It will also begin production from Mozambique by month-end.

The entity aims 20 million tonne steel making capacity by 2020 and power generation capacity of over 21,000 MW together with its subsidiary Jindal Power.