New Delhi/Bhubaneswar: Jindal Steel & Power (JSP) announced on Wednesday that production at the Gare Palma IV/6 coal mine has commenced.
The Gare Palma IV/6 mine, strategically positioned in Chhattisgarh, will support the proposed expansion of JSP’s Raigarh integrated steel plant to a capacity of 9.6 million tons per annum (MTPA) from the existing 3.6 MTPA.
“The proposed expansion aligns perfectly with the vision of Atma Nirbhar Bharat, as it will substantially bolster India’s steel production capacity using our own swadeshi coal. We aim to finance this expansion predominantly through internal accruals, ensuring a healthy balaMD nce sheet,” Jindal Steel & Power Bimlendra Jha said in a statement.
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