Jindal Steel & Power Ltd announced on Oct 3 that coal production has begun at its Gare Palma IV/6 mine in Chhattisgarh, which would support the company's Raigarh integrated steel plant development plans. According to a statement, the start of coal output from the mine will help the company secure raw materials.
The mine will back the proposed development of its Raigarh integrated steel plant to 9.6 million tonnes per annum (MTPA) from the current 3.6 MTPA.
"The proposed expansion aligns perfectly with Atmanirbhar Bharat's vision, as it will significantly increase India's steel production capacity using swadeshi coal," JSPL Managing Director Bimlendra Jha said in a statement.
He added that we aim to finance this expansion predominantly through internal accruals, ensuring a healthy balance sheet.