Jindal Steel & Power’s Gare Palma IV/6 Coal Mine Begins Operations

Key Highlights:

• JSP’s Gare Palma IV/6 coal mine is now operational and has commenced coal supply to the Raigarh steel plant
• This coal mine will play a pivotal role in JSP’s proposed 6 MTPA Raigarh steel plant expansion project

New Delhi/Bhubaneswar: Jindal Steel & Power (JSP) has achieved a significant milestone with the successful commencement of production at the Gare Palma IV/6 coal mine in Chhattisgarh. This development marks a crucial step in JSP’s ongoing efforts to secure its raw material supply. Additionally, this mine plays a pivotal role in supporting the expansion of the Raigarh integrated steel plant, increasing its capacity from 3.6 million tons per annum (MTPA) to an impressive 9.6 MTPA.

Operational Success

JSP’s Gare Palma IV/6 coal mine is now fully operational and has initiated coal supply to the Raigarh steel plant, providing a critical resource for steel production.

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Supporting Expansion

This coal mine’s significance extends beyond immediate production needs. It is a linchpin in JSP’s ambitious plan to expand the Raigarh steel plant, making it a formidable player in the Indian steel industry.

Atma Nirbhar Bharat Vision

Bimlendra Jha, Managing Director of Jindal Steel & Power, emphasized the alignment of this expansion project with the Atma Nirbhar Bharat vision. By using indigenous coal resources, India’s steel production capacity will receive a substantial boost. The financing for this expansion will primarily come from internal accruals, ensuring a robust and healthy balance sheet for the company.

Jindal Steel & Power’s Gare Palma IV/6 coal mine’s successful operation is a testament to the company’s commitment to self-reliance and growth in the steel industry. This strategic move not only secures raw material supply but also supports India’s vision for self-sufficiency in steel production.

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इसे हिंदी में भी पढ़े: जेएसपी की गारे पाल्मा IV/6 कोयला खदान में उत्पादन शुरू