JSW Steel eyes coking coal assets to beef up raw material security

Target is to have 25% linkages in the next few yrs: Acharya

JSW Steel has domestic and international coking coal assets in its sights as it looks to reinforce raw material security.

The conglomerate was recently declared a preferred bidder for two coking coal blocks in Jharkhand.
 

Jayant Acharya, joint managing director and chief executive officer, JSW Steel, said, “These are domestic coking coal assets that JSW has won through bidding on auction. These mines would give us 1 million tonne (mt) of finished coking coal, or roughly 

5 per cent of our current requirement.”
 

“We will continue to pursue such domestic opportunities in the future,” he added. The target, said Acharya, was to