9MARCH 2026JSW STEEL TO DEVELOP COKING COAL MINE IN MOZAMBIQUE FOR GROWTHAUTO PLI REFORMS TO BOOST STARTUPS, SAYS ATHER ENERGY CEOJSW Steel has declared that it will explore the Minas de Revuboa coking coal mine in Mozambique in stages so as to get long term supply assurance of one of the important inputs in the steel manufacturing.The mine is situated at Moatize coal basin in Tete Province and has an impressive reserve of 850 million tonnes of coal, and has the potential to produce 250 MT of coking coal that could be used. The project will be carried The changes proposed by a parliamentary committee will make the eligibility requirements of the India Automobile Production-Linked Incentive (PLI) scheme much more lenient, which will provide domestic electric vehicle (EV) start-ups with an increased chance of innovating and commercializing the local technologies.Tarun Mehta, Co-founder and CEO of Ather Energy, expressed his optimism on Friday, stating, "We have been advocating for reforms and inclusion of startups in the auto PLI eligibility. With the recommendations of the out in stages, and the initial stage should take a period of 2.5 years.This stage will be aimed at the production of 2.4 million tonnes per annum (MTPA) of prime hard coking coal. The decision by JSW Steel to expand the mine is related to its strategy of backward integration, which will be important in ensuring that the company has a stable and cost-effective supply of raw materials.The domestic supply of the premium coking coal in India is also of a restricted nature, and hence the steel manufacturing industry, such as JSW Steel, ought to consider the possibility of captive sourcing abroad.Parth Jindal, Managing Director of JSW Group, emphasized the strategic importance of this venture, stating, "As we grow to 50 MTPA steel capacity in India by 2030, we hope that this asset will provide strategic and diversified raw material security and cushion JSW Steel against volatile global coking coal prices, while fueling our sustainable growth vision."This action to obtain a strategic supply of coking coal is an important move in the long term development strategy of JSW Steel and will assist it to be stronger in the competitive steel industry in the world. parliamentary committee on Wednesday, we are hopeful that startups will now get a level playing field."On Wednesday, the parliamentary standing committee had tabled a report in the Rajya Sabha that recommended changes that would allow the PLI scheme to be broadened to include the recently growing EV industry in the country.The relocation is regarded as a key measure to promote innovation within the Indian startups, especially in the electric vehicle segment, which is gaining immense popularity worldwide.Ather Energy, one of the players that has been leading in the Indian EV market, has long complained that the policies should be more inclusive so that the startups could compete on the same level as the larger, established players.The smaller firms have a greater chance of contributing to the green mobility transformation of the nation with the suggested reforms of the government.This reform may not only improve the competitiveness of the domestic electric vehicle producers, but it may also hasten India's development toward a more sustainable and independent automotive industry. The action is an indication of an interest in promoting innovations and expanding the Indian EV ecosystem.
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