July 21, 2011 / 10:54 AM / in 6 years

India's JSW Energy says Ratnagiri power plant expansion on hold

MUMBAI, July 21 (Reuters) - JSW Energy has decided to put the expansion of its power project in Ratnagiri on hold due to costly imported coal, its chairman Sajjan Jindal told reporters on the sidelines of an annual shareholder meeting.

“In case of imported coal, there is a huge problem. Even if you own mines outside, this coal is to be sold at a benchmark price,” he said.

The company plans to rely only on domestic source for coal, he added. (Reporting by Kaustubh Kulkarni)

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