News Brief | November 2012
JSPL to source coal from Mozambique
Naveen Jindal, chairman, Jindal Steel and Power (JSPL), said that the company would source coal from its Mozambique project, which is slated to begin production by year-end. The company has earlier said that it is also planning to set up coal washeries in Mozambique by end of the current fiscal, in order to reduce the high ash content at the mine there. The Mozambique mine is strategically important for the Naveen Jindal-led firm as it contains both coking and thermal coal. The company, which has plans to produce 10 million tonne per annum coal from the mine at peak level, is also looking to set up a 2,640 mw thermal power plant in the African nation.