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Cost savings, higher volumes and lower valuations strengthen JSPL outlook

In the near term, JSPL has won contracts in Europe filling the gap caused by Ukraine War. In the longer term, it hopes capacity expansions will boost volumes, making up for possibly lower realisations

Jindal-Steel-Feature
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Jindal-Steel-Feature

Devangshu Datta New Delhi
Jindal Steel & Power (JSPL) has seen a series of positive developments during the past few quarters. Most recently it won four captive coal mines in Odisha where it has ambitious plans of coal gasification to build a huge steel manufacturing complex using low emission technology. The mines are expected to produce 15 million tonnes (MT) per annum (PA) at full capacity, by FY 2023-24. JSPL already sources captive coking coal from mines abroad and once the Odisha mines are operating, it would free the company from dependence on coal sourced from e-auctions and it could lead to cost savings

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