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Jindal sends coal home

THE first shipment of coal from Indian conglomerate Jindal Steel and Power subsidiary JSPL Mozamb...

Staff Reporter

JSPL Mozambique managing director Manoj Gupta said the company’s 2013 export target was set at 1 million tonnes of coking and thermal coal.

Gupta told Mozambican newspaper O Paí that the second shipment was expected to be made next month.

The company’s coal travels roughly 600km from its Tete mine to its terminal at the Port of Beira where it has a holding capacity of 463,000 tons of coal.

JSPL Mozambique is using road transportation to move its coal to the port but plans to utilise the Sena rail line once five locomotives and 100 trucks arrive from India next month.

New Delhi-based Jindal has an annual turnover of $US3.5 billion and is part of the $15 billion diversified OP Jindal Group.

It has committed investments exceeding $15-20 billion in the future and has several business initiatives running simultaneously across continents.

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