Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
16 December, 2017 05:10 IST
JSPL secures 0.511 MTPA coal linkages for captive power plant
Source: IRIS | 19 Jun, 2017, 10.41AM
Comments  |  Post Comment

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)*

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
BHEL wins order worth Rs 73 bn from TANGEDCO - 15-Dec-2017 15:05
Wipro's Topcoder launches 'Topcoder Veterans Community' - 15-Dec-2017 10:23
Yes Bank intends to acquire 5.62% stake in OPOSL - 14-Dec-2017 10:13
Hexaware Tech enters into partnership with Pegasystems - 14-Dec-2017 10:10
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer