Jindal Steel and Power Ltd, led by Mr Naveen Jindal is set to start importing coal from its Mozambique mine, where production will begin this year. The company plans to import about 500,000 tonnes of coking coal from the African nation in 2013.
Coking coal is one of the main ingredients for producing steel. The company currently imports about 1 million tonnes (mt) of coal to meet the demand of its steel plants, Sushil Maroo, JSPL director and group chief financial officer said to reporters.
The plant in Mozambique will produce coking coal as well as thermal coal, which is suitable for power plants, he further added.
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