Jindal Steel & Power Declared Successful Bidder for Saradhapur Jalatap East Coal Block

Jindal Steel & Power (JSP), India’s leading steel company, has signed the agreement for the Saradhapur Jalatap East coal block. The mine is strategically located about 11 km from the Angul Steel plant and has total geological resources of 3,257 million tonnes. JSP has been declared the highest bidder with a revenue sharing of 10%. This acquisition ensures a consistent and reliable supply of raw materials essential for steelmaking, thereby mitigating risks associated with supply chain disruptions and price volatility. This move aligns JSP with its commitment to support the ‘Aatmanirbhar Bharat’ initiative of the Government.