JSPL secures 1.18 mn tonnes/yr coal supply for power plants

Jindal Steel and Power Ltd (JSPL) today said it has secured long-term coal linkage of 1.18 million tonnes per annum (MTPA) for power plants in Chhattisgarh.
"JSPL has secured long-term linkage of 1.18 MTPA for its state-of-the-art captive power generation plants in Dongamahua and Raigarh in Chhattisgarh," the Naveen Jindal-led firm said in a statement.
The long-term coal linkage for a period of five years has been secured during the recent coal linkage auctions, it added.
The linkage will ensure steady and assured supply of coal for the captive power plants, enhancing the fuel security for the power plants, JSPL said.

"The 1.18 MTPA Coal linkage to our captive power generation facility significantly enhances the operational efficiencies of the power plants. In line with our philosophy, our prudent bids ensure that we get constant supply of coal for a period of 5 years," JSPL Group CEO and Managing Director Ravi Uppal said.
The firm are looking forward to the next round of coal linkage auctions to fill the gap and would selectively participate to further enhance its long-term fuel security requirements at prudent terms of the steel and power businesses, he added.