New Delhi : The BC Jindal Group, one of India’s leading business conglomerates, today announced that its power company, Jindal India Power Limited, has signed a Memorandum of Understanding (MoU) with The Singareni Collieries Company Limited (SCCL) for procuring high-quality coal from the Naini coal mine.
As part of its strategic coal procurement diversification initiative, the BC Jindal Group, led by Shyam Sunder Jindal, Promoter BC Jindal Group, will source 8 lakh metric tons of coal from the Government coal mining company which is jointly owned by the Government of Telangana and Government of India. This strategic move will further enhance the operational efficiency of BC Jindal Group’s 1200 MW-power plant located at Derang, Angul, Odisha, which comprises two units of 600 MW each.
“The signing of MoU with Singareni Collieries Company Limited is a strategic move that will further strengthen and ensure long-term fuel security. This partnership mirrors our unflinching commitment towards achieving operational excellence, energy security and a sustainable growth for the future. We look forward to building a strong and mutually beneficial relationship with the team at SCCL”, said a spokesperson of the BC Jindal Group.
In 2015, the BC Jindal Group commissioned its state-of-the-art facility in the state of Odisha, which has been running successfully with an increasing Plant Load Factor (PLF) year after year.
Since its inception, Jindal India Power has signed multiple Power Purchase Agreements (PPAs) with state DISCOMs and other consumers across Bihar, Haryana, Delhi, and Noida, to name a few. These agreements encompass short-term, medium-term, and long-term power supply arrangements, showcasing the company’s expertise in the sector.
Founded in 1952 by Shri BC Jindal, the BC Jindal Group, led by Shyam Sunder Jindal, Promoter, BC Jindal Group, is one of India’s leading conglomerates and is engaged in a diverse portfolio of businesses that includes packaging films, energy and steel products.