JSW Steel plans to invest in a virgin coking coal mine

20 Mar 2023 CW Team

JSW Steel, which is managed by Sajjan Jindal, intends to invest $20 million to create a brand-new coking coal mine in Jharkhand. The company is awaiting an official announcement from the government after being named the winning bidder for the recently auctioned coking coal mine. The new mine should start operating in two to three years, according to JSW Steel. The mine, like the company's Moitra coking coal mine situated in the same State, has reserves of roughly one billion tonnes.

In order to reduce costs overall, the company would mix 20–30% of domestic coal with high quality coal, according to Seshagiri Rao, Joint Managing Director, JSW Steel.

"Once both mines start operating in 2-3 years, we will receive roughly one million tonnes of clean coal, which accounts for 6-7% of our yearly requirement," he added.

On the challenges of creating a new mine, he noted that the business has extensive expertise in the industry and already runs four mines in Odisha, nine in Karnataka, a lignite mine in Rajasthan, one mine each in Dubai and the US, and four mines in Rajasthan.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Infrastructure Energy

25 Jun 2026

Centre Prioritising Energy Security With Coal Gasification

Union minister for Coal and Mines G Kishan Reddy said the Centre is prioritising energy security through a strategic shift to coal gasification and has announced incentives totalling Rs 460 billion (bn) to support the effort. He said more than 35 companies will start coal gasification activities in India within two months and that the government is encouraging firms that bring technology to close the domestic technology gap. The minister described the initiative as aimed at reducing import dependence and developing indigenous capacity. India has the fifth-largest coal reserve in the world, and..

Infrastructure Urban

25 Jun 2026

BHEL and Coal India Invest Rs 250 bn in Odisha Gasification

Bharat Heavy Electricals (BHEL) and Coal India (CIL) are jointly investing Rs 250 billion in a coal gasification project in Odisha, with the Prime Minister laying the foundation stone in Jharsuguda. Union Coal and Mines Minister G Kishan Reddy described the initiative as a transformative shift in coal utilisation that will open industrial avenues for the state. The project moves coal beyond conventional power generation to industrial feedstocks. Coal gasification will convert coal into synthesis gas, a versatile feedstock for chemicals, fertilisers and synthetic fuels, and the technology is ex..

Infrastructure Energy

25 Jun 2026

BCCL Hands Over Dugdha Coal Washery To JSW Steel

Bharat Coking Coal has handed over the Dugdha Coal Washery to JSW Steel, marking the first coal washery asset monetisation under the Ministry of Coal's asset monetisation programme. The handover took place in the presence of senior officials from Bharat Coking Coal Ltd, JSW Steel and JSW Energy. The washery has a capacity of two million tonnes per annum (mn t per annum), and its transfer is intended to introduce private sector practices into coal beneficiation operations. The monetisation is aimed at modernising coal sector assets, improving operational efficiency and enhancing resource utilis..