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JSPL wins key Odisha coal block in competitive government auction

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Business 26 Mar 2025 10:21 AM IST Steel Orbis

JSPL wins key Odisha coal block in competitive government auction
Strategic acquisition ensures coal security for steel & power operations
Supports India’s self-reliance goals and reduces import dependency

Jindal Steel and Power Limited (JSPL) has emerged as the highest bidder for a prime coal block in Odisha during the latest government-held coal auction. The strategic acquisition will enhance JSPL’s raw material security, ensuring a stable supply for its steel and power operations.

The coal block, located in Odisha's mineral-rich belt, witnessed competitive bidding from several major players. However, JSPL’s aggressive bid secured the asset, reinforcing its long-term growth strategy and reducing dependency on external coal supplies.

This move aligns with the government’s push for self-reliance in energy and industrial sectors, reducing import dependence and promoting domestic coal utilization. Officials stated that the auction received strong industry participation, highlighting the importance of coal security in India's expanding manufacturing and infrastructure landscape.

Industry experts believe that JSPL’s successful bid will provide a significant boost to its cost efficiency, ensuring uninterrupted coal availability for steelmaking and power generation. The auction outcome also reflects private sector confidence in India's coal sector reforms and the government's efforts to improve resource allocation through transparent bidding processes.