Monday, 30 January 2017

Jindal Steel Secures Long Term Coal Linkage From CIL

Leading steel company, Jindal Steel & Power Ltd has informed in a filing to the Bombay Stock Exchange that the company has secured long term coal linkage of a total quantity of 0.5 million tonnes per annum for the next 5 years in the recently concluded coal linkage auction under Sponge Iron sub-sector, conducted by Coal India Limited.

This sourcing of coal will help the Company to secure fuel requirements and smooth operations of Company’s Sponge Iron Units. The Company had earlier secured 1.18 million tonnes of linkage capacity in Captive Power Plant (CPP) sub-sector and with this linkage in Sponge Iron sub-sector, the total coal linkage capacity of the Company will be 1.68 million tonnes per annum. Meanwhile, shares of the company were trading at Rs 80.15 apiece, up 0.94 per cent from the previous close at 09:26 hours on BSE.

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