Jindal Steel & Power Limited (JSPL) has strategically diversified its coking coal sources to manage geographical risks and reduce cost pressures, the company announced. This move supports India’s goal of reaching 300 mln tons of steel production by 2030 and aligns with the Steel Ministry’s focus on diversifying coking coal sources.
The company has sourced new coking coal from Africa and Southeast Asia, cutting its reliance on Australian coking coal by over 50pct.
Pankaj Malhan, Executive Director of Jindal Steel Angul, emphasized that diversifying coking coal sources is essential amid global uncertainties and supply chain disruptions. He noted that reducing dependence on Australian imports has strengthened the supply chain and improved cost efficiency.
The company’s coke oven facilities have successfully integrated these new coking coal sources, resulting in enhanced coke quality and increased steel production. JSPL continues to pursue further diversification to boost its global market competitiveness, the company said.
