In the recently concluded coal linkage auctions under Captive Power Sub-Sector, Jindal Steel and Power Limited (JSPL) has secured coal linkages of over 0.511 tonne per annum. For its steelmaking operations, it will provide a steady supply of fuel to Captive Power Plants at calorific costs significantly beneficial than coal procured through e-auction.
The company in a filing to BSE said, “The coal linkages, secured for a five-year duration, will provide a steady supply of fuel to captive power plants run by the company for its steel-making operations”.
The three Captive Power Plants (CPP) of JSPL are located at Raigarh and Dongamahua, Chhattisgarh. The third one is at Angul, Odisha, for powering its 810 MW CPP in the 6 MTPA Integrated Steel Complex.
In a press release, the company said that these coal linkages will further enhance the operational efficiencies of steelmaking at JSPL’s recently completed 6 MTPA integrated steel plant at Angul, and at its flagship steel plant at Raigarh.
Since 2016, JSPL has secured coal linkages of close to 2.3 mtpa in various sub-sectors for a 5-year timeframe.