Jindal discusses scarcity of raw materials with State

Bhubaneswar: Industrialist and chairman of Jindal Steel & Power Ltd (JSPL) Naveen Jindal, who had declared scrapping of his coal-to-liquid plant in Angul, today pinned hope to revive the project.

“We will take part in the next auction of coal block. We hope to get the coal block for the CTL project. However, no comment could be given on the project until clarity over coal block comes “, Naveen Jindal told media after meeting chief secretary GC Pati at the Secretariat here.

He apprised the chief secretary about the scarcity of raw materials even as 2.5 million tonne steel plant is all set to produce. Jindal told media that the company is mulling to import the raw materials from outside.

“We are mulling to import iron ore from outside. But it’s unfortunate to import raw materials for Odisha projects” he said.

Favoring State government, the steel tycoon said the state has no role behind the de-allocation of coal block. “We are getting full support from State Government”, Jindal added.
Jindal had earlier decided to abandon its Rs 60,000 crore coal to liquid (CTL) project following the Supreme Court’s verdict to de-allocate coal block.