Mumbai, March 28 -- The mine, with an estimated reserve of 3,257 million tonnes, is located just 11 km from JSPL's Angul steel plant, making it a key asset for the company.

JSPL won the block with a revenue-sharing bid of 10%, reducing its dependence on external coal supplies and 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 and price volatility.

By securing a 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.

Jindal S...