Jindal Steel & Power (JSPL) has secured the Saradhapur Jalatap East coal block in the latest commercial coal auctions conducted by the Ministry of Coal.
The mine, with an estimated reserve of 3,257 million tonne, is located just 11 km from JSPL’s Angul steel plant in Odisha, making it a key asset for the company. JSPL won the block with a revenue-sharing bid of 10 percent, ensuring a stable flow of raw materials for its steel production.
The acquisition strengthens the company’s backward integration strategy, helping mitigate risks related to supply chain disruptions. By securing long-term fuel supply, JSPL is enhancing its operational efficiency while reinforcing its commitment to the "Aatmanirbhar Bharat" initiative, aligning with the government’s vision for self-reliance in critical industries.