Supplies from the new mines are expected to save procurement cost considerably
Naveen Jindal-promoted Jindal Steel and Power Ltd (JSPL) plans to operationalise four of its just acquired thermal coal mines over the next eight to twelve months.
Supplies from the new mines – one in Chattisgarh and three in Odisha with a combined capacity of 15.1 million tonnes per annum – are expected to save on an average of ₹4,000-5,000 per tonne on thermal coal procurement, as the current e-auction and import price per tonne has been as high as ₹7,000 to ₹9,000, company officials said.