Jindal Steel and Power Share Surge: Selected as Highest Bidder for Saradhapur Jalatap East Coal Block

Jindal Steel & Power (JSP) has been announced as the highest bidder for the Saradhapur Jalatap East coal block in a recent auction by the Ministry of Coal. The mine is located about 11 km from the company’s Angul steel plant, ensuring better access to raw materials. This move strengthens the company’s supply chain and reduces reliance on external sources.

Coal Block Details

The Saradhapur Jalatap East coal block has a total geological resource of approximately 3,257 million tonnes. It is positioned near JSP’s other mines, such as Utkal C, Utkal B1 and Utkal B2. JSP won the bid with a 10% revenue-sharing agreement.  

Strategic Benefits for JSP

This acquisition strengthens JSP’s ability to secure raw materials for steel production. By reducing dependency on external sources, the company aims to minimise supply chain risks and price fluctuations. This move also aligns with India’s vision of self-reliance under the “Aatmanirbhar Bharat” initiative.  

About Jindal Steel & Power

Jindal Steel & Power is a leading industrial group involved in steel, power, mining and infrastructure projects. The company continues to expand its operations globally while maintaining a strong focus on efficiency and sustainable growth.

Share performance 

As of March 28, 2025, at 1:30 PM, with a market capitalisation of ₹922.74 billion, Jindal Steel and Power share price was trading at ₹911.50 per share, reflecting a loss of 0.50% from the previous day’s closing price. Over the past month, the stock has registered a profit of 6.46%. The stock’s P/E stands at 22.83. The stock’s 52-week high stands at ₹1,097.00 per share, while its low is ₹723.35 per share.

Conclusion  

This acquisition strengthens JSP’s resource security, improves operational efficiency and supports its commitment to sustainable growth. It also aligns with India’s push for self-reliance in the industrial sector.

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