Coal news and updates

After deallocation of several coal blocks, Chairman of Jindal Steel and Power Limited (JSPL) Naveen Jindal has requested the State Government to protect coal blocks allocated to industries in the State.

 

“The State Government should take steps so that none of the coal blocks is deallocated,” Jindal told reporters after meeting Chief Secretary JK Mohapatra here.Industries invest in the State as it is rich in mineral resources. Therefore, it is the responsibility of the Government to facilitate industries so that it earns more revenue and secures employment for its youths, he said.

 

Asked about its Angul steel project with a production capacity of six million tonnes per annum, the Congress MP said the progress of the project is on schedule and it will start production by the end of January next year.

 

The steel smelting shop and power plant have already been commissioned and the company is optimistic about beginning production in next 30 days, he said.

 

Responding to questions about the supply of raw materials required for the steel plant, Jindal said JSPL would have an agreement with the State-run Odisha Mining Corporation to procure iron ore.The Ministry of Coal deallocated coal blocks allocated to JSPL in Jharkhand and Madhya Pradesh last week for delay in its development.

 

The Ministry has also sought explanation from two firms - NTPC and Orissa Power Generation Corporation - for slow progress of coal blocks failing which appropriate action would be taken.

 

 

Source: Express News Service