India’s Jindal Steel and Power Limited (JSPL) has won two coal blocks on the first day of the government auction on Thursday, an Indian government statement said on Friday, April 1.
JSPL has won the Utkal B1 and Utkal B2 coal blocks in the eastern state of Odisha, offering the highest revenue share of 15.25 percent to the government.
Both coal blocks are fully explored, with combined reserves estimated at 347 million mt.
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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