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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Armed with the recently issued environmental clearance for its port terminal, JSW Group is set to expand its coal operations in the state despite years of opposition from locals.
Editor's note: There’s big news coming from Goa. The government has issued environmental clearance to Sajjan Jindal-led JSW Group to nearly double its imports of coal into Goa. The steel-to-paints conglomerate runs a captive port terminal at the state-owned Mormugao Port. JSW receives coking coal there from overseas and uses it as a raw material at its Vijayanagar steel plant in northern Karnataka. While it had permission to handle 7.5 million tonnes of coal a year, the new clearance allows it to ramp it up to 13 million tonnes a year. This is a staggering amount; if it were to be transported by road, it would require 148 trucks to be filled and dispatched every hour for a year, without a break. The approval comes against the backdrop of years of opposition from local communities to a series of port, railway and road projects that aim to increase the import of coal through Goa. Apart from JSW, the Vedanta group had also won a tender to build a coal and iron ore terminal, and the Mormugao Port Authority had proposed to deepen …
The JSW Steel founder is embarking on an unprecedented expansion, betting on Japan’s JFE and Korea’s POSCO to share the load. But rivalries, debt and market risks could complicate the plan.
A sharper growth push from Tata Steel is reshaping a long-running contest with JSW Steel and shifting the market’s loyalties. But can it keep its expansion-hungry rival at bay?
Mukesh Ambani’s $10-billion bet faces a harsh reality: much of the clean-energy stack still sits overwhelmingly in Chinese hands.
