Business

Jindal Power hires former CIL CMD Anil Kumar Jha as chairman

The coal block is located close to JSPL’s Raigarh steel plant and the Tamnar power plant in Chhattisgarh.The coal block is situated near JSPL’s Raigarh metal plant and the Tamnar energy plant in Chhattisgarh.

Jindal Power (JPL), a subsidiary of Jindal Steel and Power (JSPL), has appointed former Coal India (CIL) chief Anil Kumar Jha as its new chairman. The growth follows JPL profitable the Chhattisgarh’s Gare Palma IV/1 block within the maiden public sale for business coal mines in November, 2020. Jha was appointed the chairman and managing director of CIL in May, 2018 and was on the helm of its affairs until his retirement in January, 2020.

“We are confident that with his vast experience and rich insights, JPL under his leadership will continue to scale new heights and contribute towards a self-reliant India,” JSPL chairman Naveen Jindal mentioned. JPL runs coal-based thermal energy crops with cumulative put in capability of three,400 MW in Tamnar, Chhattisgarh.

The Gare Palma IV/1 mine, with an annual peak manufacturing capacities of 6 million tonnes, earlier belonged to JSPL, earlier than the Supreme Court in its September 2014 order had cancelled licences of 204 captive coal blocks. The block was auctioned off once more in November, 2019 the place JSPL was the best bidder, however the authorities had cancelled the public sale thereafter. The coal block is situated near JSPL’s Raigarh metal plant and the Tamnar energy plant in Chhattisgarh.

Get reside Stock Prices from BSE, NSE, US Market and newest NAV, portfolio of Mutual Funds, Check out newest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and observe us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and keep up to date with the most recent Biz information and updates.

Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button