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19 March, 2018 06:43 IST
JSPL secures 0.511 MTPA coal linkages for captive power plant
Source: IRIS | 19 Jun, 2017, 10.41AM
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Jindal Steel and Power (JSPL), India's leading Steel and Power major, has secured coal linkages of over 0.51Tonne Per Annum in the recently concluded coal linkage auctions under Captive Power Sub-Sector.

The coal linkages, secured for 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 complexes 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 JSPL'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.

Shares of the company gained Rs 1.7, or 1.36%, to trade at Rs 126.25. The total volume of shares traded was 386,491 at the BSE (10.32 a.m., Monday).

Jindal Steel & Power Limited   (Q,N,C,F)*

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