Jindal Steel and Power-Taking Mozambique ahead
Jindal Steel & Power is an Indian multinational with committed investments of over $30 billion spread over India, Bolivia, Mozambique and Oman amongst others. The African investments are primarily in coal and iron ore mining with some in copper and diamond exploration.
The Jindal core values are the enabling pillars of a successful business model that provides a unique opportunity to commit to Passion for people, Business Excellence, Integrity and Sustainable Development.
Our Africa operation spread across Mozambique (coal), South Africa (anthracite coal mining), Madagascar (limestone exploration), Tanzania (copper) and Zambia (copper).
JSPL Mozambique Minerais has acquired coal mining concession in Songo Coal Basin of Tete province. The company is developing the Greenfield coal-mining project consisting of an open-cast coal mine, matching wash-plant capacity and required infrastructure facilities for the project. Infrastructure includes roads, site accommodation, water and power. The company has also entered into a Memorandum of Understanding with the Mozambique government to establishing a power-plant based on low-grade coal subject to feasibility studies.
Jindal Steel and Power has an exemplary track record for business growth in all its markets and has been named the second-highest value creator in the world by Boston Consulting Group. It is also one of Forbes Asia’s “Fab 50 Companies” for 2009 and 2010 and has been ranked fourth in total income in the iron and steel sector by Dun & Bradstreet. Jindal Steel and Power is very active in community-service and environmental projects and won the Greentech Platinum CSR Award for 2011.
We are committed to supporting Mozambique’s on-going economic and social development.