JSPL Wins Big in Coal Auctions, Secures Massive Odisha Mine

Jindal Steel & Power (JSPL) has successfully secured the Saradhapur Jalatap East coal block in the latest commercial coal auctions conducted by the Ministry of Coal.

Located just 11 km from JSPL’s Angul steel plant in Odisha, the mine holds an estimated reserve of 3,257 million tonnes, making it a strategically significant asset for the company. JSPL secured the block with a revenue-sharing bid of 10 percent, ensuring a steady and cost-effective supply of raw materials for its steel production.

This acquisition strengthens JSPL’s backward integration strategy, reducing dependency on external sources and mitigating supply chain risks. By securing long-term fuel supply, the company is enhancing its operational efficiency while reinforcing its commitment to the "Aatmanirbhar Bharat" initiative, supporting the government’s vision of self-reliance in key industries.

News by Rahul Yelligetti.