Jindal Steel and Power (JSPL) is expecting to get approval from Union cabinet for its Rs 77,450 crore Coal-to-Liquid (CTL) project in Odisha. The mega venture has been suffering on account of delays in grant of Prospecting License (PL) for an attached coal block -- Ramchandi Promotional -- and forest clearance from the state government. In this regard, the company has submitted the issues pending for resolution before the Cabinet Committee on Investment (CCI).
The project, which would convert coal into petroleum products like diesel and naphtha, has been hailed as first-of-its-kind as it will reduce the country’s import dependence for crude.
Ramchandi Promotional block, with estimated reserves of 1,500 million tonne (MT), was allocated to JSPL in 2009 and production from the block is to commence in November 2014.
JSPL is a part of Jindal Group and is a leading player in Steel, Power, Mining, Oil & Gas and Infrastructure. The company produces economical and efficient steel and power through backward integration from its own captive coal and iron-ore mines and passes on the benefits to its customers.
The project, which would convert coal into petroleum products like diesel and naphtha, has been hailed as first-of-its-kind as it will reduce the country’s import dependence for crude.
Ramchandi Promotional block, with estimated reserves of 1,500 million tonne (MT), was allocated to JSPL in 2009 and production from the block is to commence in November 2014.
JSPL is a part of Jindal Group and is a leading player in Steel, Power, Mining, Oil & Gas and Infrastructure. The company produces economical and efficient steel and power through backward integration from its own captive coal and iron-ore mines and passes on the benefits to its customers.
No comments:
Post a Comment