JSW Energy Plans to Buy Mines to Secure Half of Its Coal Needs
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JSW Energy Ltd., an affiliate of India’s third-largest steelmaker, plans to buy stakes in mines overseas or negotiate long-term contracts to secure half of its annual coal requirement.
The company based in Mumbai is seeking to purchase 3 million tons of coal a year to reduce the more expensive spot purchases, Vice Chairman N.K. Jain told reporters in Mumbai today.