Jindal Steel Boosts Supply Chain by Diversifying Coking Coal Sources

Jindal Steel & Power Limited has reduced its reliance on Australian coking coal by over 50%, sourcing from Africa and Southeast Asia. This move aligns with India's goal of producing 300 million tonnes of steel by 2030, ensuring a more resilient and cost-efficient supply chain.

New Delhi [India], August 8: Jindal Steel & Power Limited has strategically diversified its coking coal sources to mitigate geographical risks and alleviate cost pressures. The initiative is in line with India's target to achieve 300 million tonnes of steel production by 2030, alongside the Steel Ministry's focus on coking coal diversification. New sources have been identified in Africa and Southeast Asia, enabling the company to reduce its dependency on Australian coking coal by more than 50%. This milestone marks a pioneering achievement in the Indian steel industry.

Commenting on this development, Pankaj Malhan, Executive Director of Jindal Steel Angul, expressed, "Diversifying our coking coal sources is crucial given global uncertainties and supply chain disruptions. The Steel Ministry's directive was both timely and essential. By diversifying away from Australian imports, we've fortified our supply chain and enhanced cost efficiency. I commend our coke oven team for formulating new blends that yield higher quality coke at reduced costs." The company's coke oven facilities have adeptly incorporated these varied coking coal sources, and further diversification plans are underway. These efforts have led to superior coke quality and augmented steel production, boosting the company's global market competitiveness.

Jindal Steel & Power, a key player in the steel, mining, and infrastructure domains, has invested USD 12 billion globally. The company focuses on capacity utilization and efficiency, contributing significantly to a self-reliant India. (ADVERTORIAL DISCLAIMER: The above press release has been provided by Jindal Steel & Power Limited. ANI will not be responsible for the content therein.)