Coal mines will add 6% to margins: JSPL

Naveen Jindal-promoted Jindal Steel & Power Ltd (JSPL) mines in Odisha, which are set to start by early next year, will make them self-reliant in thermal coal and will lead to an improvement of 5-6% in their operating margins, a top executive told Mint.

- Naman Suri

“We consume around 12MT of thermal coal per year and sources half of our needs through both domestic and international markets but that is set to change after the mines in Odisha start. This will make the company self-reliant in meeting its thermal coal requirements and not require sourcing from outside...and will lead to an improvement of 5-6% in the company’s operating margins in the ensuing quarters," the executive said.