Jindal Steel & Power (JSP) on Tuesday announced commencement of production at the Gare Palma IV/6 coal mine located in Chhattisgarh. The mine will also support the proposed expansion of its Raigarh integrated steel plant to a capacity of 9.6 million tonne per annum (MTPA), from the existing 3.6 MTPA, the company said in a statement.
Acording to Bimalendra Jha, Managing Director, JSP, the proposed expansion aligns perfectly with the vision of Aatmanirbhar Bharat; and “it will substantially bolster India’s steel production capacity using own coal”.
“We aim to finance this expansion predominantly through internal accruals, ensuring a healthy balance sheet,” he said.