JSW Steel Ltd. is on the lookout for coal assets globally as
the tycoon Sajjan Jindal-led mill seeks to tie up raw material supplies for its
expansions in India.
India’s
top producer of the alloy has plans to scale up its capacity to 50 million tons
by the end of the decade. The Mumbai-based firm has been scouring mining
resources locally and in other countries to avoid supply shocks and price
risks.
It
is said to be considering bidding for a stake in the coal unit of
Vancouver-based Teck Resources Ltd., Bloomberg reported earlier this month