India’s Jindal Steel and Power Limited (JSPL) which won two coal blocks through the auction route last week will commence production from the new assets within the next eight months, a company official said on Tuesday, April 5.
JSPL will need to invest an estimated $26 million in the Utkal B1 and Utkal B2 coal blocks located in the eastern state of Odisha with estimated reserves of 347 million mt to bring them into production, the official said.
I graduated from the University of Kolkata with a degree in economics and have three decades of experience in reporting for leading print media publications, covering key manufacturing industries like iron and steel, energy (fossil and renewable), chemicals and petrochemicals and mining sectors (coal, bauxite, iron ore and copper). I work as a correspondent for SteelOrbis reporting on the Indian steel industry covering pricing and trade trends across the value chain, capacity creations and utilizations, corporate developments, government policy frameworks and industry related news.
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