New Delhi: Jindal Steel & Power Limited (JSPL) announced on Tuesday the commencement of coal production at the Gare Palma IV/6 mine in Chhattisgarh. The coal production from the mine will support the expansion plans of the company's Raigarh integrated steel plant.
“The proposed expansion aligns perfectly with the vision of Atmanirbhar Bharat, as it will substantially bolster India's steel production capacity using swadeshi coal," JSPL Managing Director Bimlendra Jha said in a statement.
We aim to finance this expansion predominantly through internal accruals, ensuring a healthy balance sheet, he added.
The mine will support the proposed expansion of the Raigarh integrated steel plant to a capacity of 9.6 million tonnes per annum (MTPA) from the existing 3.6 MTPA.
The commencement of coal output from the mine will help provide raw material security for the company, JSPL said in a statement.
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