Jindal Steel& Power Ltd secures coal linkages for 5 year duration

On June 19,2017, Jindal Steel and Power Ltd, a New Delhi based Indian steel and energy producer company has bagged coal linkages of over 0.51 tonnes per annum for 5 year duration in the recently ended coal linkage auction under Captive Power sub-sector. The coal linkages will provide steady supply of fuel to Captive Power Plants run by the company for its steelmaking operations.

The three Captive Power Plants of the Jindal Steel and Power Ltd are located at Raigarh & Dongamahua ( Raigarh District)- both in the Chattisgarh; and for powering its 810 MW Captive Power Plants in the 6 MTPA Integrated Steel complex at Angul, Odisha.
 
The coal linkage 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.
 
Further, these coal linkages will 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.
 
On June 19,2017, at Rs 125.75, Jindal Steel and Power Ltd was trading up by 0.96 per cent on BSE at 11:07 hours. It opened at Rs 125.00 while on Friday it closed at Rs 124.55.