India’s Jindal Steel and Power Limited (JSPL) has commenced production from its Gare Palma captive coal block, a company statement said on Wednesday, October 4.
The company said that coal production from the Gare Palma mine in the central state of Chhattisgarh would support expansion of its Raigarh steel mill, also located in the same state, to 9.6 million mt per year from 3.6 million mt at present.
“The coal production from our captive coal mine is perfectly aligned with our expansion of the steel mill using domestic coal. We aim to finance this expansion predominantly through internal accruals, ensuring a healthy balance sheet,” the statement said.