Jindal Steel & Power (JSPL) has a steel production capacity of 3.5 million tonne (mn t) at present, which the firm expects to raise to 15 mn t by 2020. This would make the company the fourth largest steel maker from its current position of sixth. In 2013-14, additional 7 mn t would be commissioned in Angul (Odisha) and
Tag: JSPL
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JSPL plans to raise holding in Gujarat NRE’s Aussie unit
Jindal Steel and Power (JSPL), which holds 19.48 per cent stake in Gujarat NRE Coking Coal, the Australian unit of Gujarat NRE Coke, plans to raise its holding in order to comply with the regulation of the Australian stock exchange. According to the regulation, the company has to go to the public to raise its stake to over 20 per cent. Rec
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Govt wants JSPL to sign PPA for extending MoU
Odisha government wants Jindal Steel and Power (JSPL) to sign power purchase agreement (PPA) with Gridco in order to be eligible for extension of its memorandum of understanding (MoU). It may be recalled that JSPL had signed MoU with the government in 2009 for a 1,320 mw coal-fired plant at Boin
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JSPL plans to start operation at 2 mn tpa unit by April
By April 2013, Jindal Steel & Power (JSPL) plans to commission 2 million tonne per annum (mn tpa) greenfield steel plant at Angul, Odisha. The plant is part of the 6 mn tpa integrated steel plant project being developed by the firm in the area. The Naveen Jindal owned company received 970.34 acre of g
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Captive power projects face coal shortage
Captive power plants are struggling to implement their expansion plan because of coal shortage.Jindal Power, which supplies power to Jindal Power and Steel (JSPL) wants to add another 2,400 mw non-captive capacity by 2015.Yet, it is unable to lock-in coal supply for even half of this capacity.