Jindal Steel Diversifies Coking Coal Sources to Mitigate Risks and Reduce Costs
Aug 08, 2024
New Delhi [India], August 8: Jindal Steel has strategically diversified its coking coal sources to reduce geographical risks and cost pressures. In alignment with the Government of India's target of achieving 300 Million Tonnes of steel production by 2030 and the Steel Ministry's emphasis on coking coal source diversification, Jindal Steel has incorporated new coking coal supplies from Africa and Southeast Asia. This initiative has significantly reduced the company's consumption of Australian coking coal by more than 50 per cent. This achievement is perhaps the first of its kind in the Indian steel industry.
