Mr. Sandeep Jajodia appointed as chairman- ASSOCHAM – National Council on Coal.
New Delhi, July 5, 2011: Mr. Sandeep Jajodia, Executive Vice Chairman and Managing Director of Monnet Ispat & Energy Limi
ted (MIEL) a flagship company of Monnet Group, the second largest coal-based sponge iron producer in the country has been appointed as the Chairman of the ASSOCHAM National Council on coal.
Accepting the position of Chairman for the ASSOCHAM National Council on Coal, Mr. Sandeep Jajodia said, “I would like to thank ASSOCHAM for the great honor and responsibility for which they have entrusted me the chairmanship of their National Council on Coal. The Indian coal sector, meeting more than 50% of India’s energy requirement, the sector is of strategic importance to the Indian economy. However, there are concerns associated with the Indian coal sector and there is a need to find workable solutions to these concerns. I believe that along with the support of all the committee members, we will be able to appropriately represent the concerns of the Indian Coal Industry and make a meaningful contribution towards it.”
About Monnet Group:
Monnet Ispat & Energy Limited (MIEL): MIEL is promoted by Mr. Sandeep Jajodia. Its principal activities include manufacturing and marketing of Sponge Iron, Steel and Ferro Alloys. In addition, MIEL is engaged in mining of mineral assets like coal & iron ore and is also involved in the generation of power for captive consumption. The Monnet Group has manufacturing facilities in Raipur and Raigarh in Chhattisgarh and is currently in the midst of implementing a 1.5 Million Tons integrated steel plant to produce plates, structural and rebar’s at its facility at Raigarh in Chhattisgarh to cater to the high growth infrastructure sector. MIEL through its subsidiary is now making measure of forays in the development of Merchant Power Plants and is currently implementing the first 1050 MW power plant at Angul.
Monnet Power Company Limited (MPCL): MPCL is currently executing a 1050 MW IPP in the state of Orissa backed by captive coal mines. The project consists of 2 units of 525 MW to be supplied by BHEL. The project has all its statutory approvals & clearances in place and has achieved financial closure. Both of these 525 MW each unit is expected to get commissioned between September and December 2012. The Company is now in the process of developing an additional 2000 MW which is expected to come up by June 2014.
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Key Contacts:
| Ms. Neetal Naarang Head, Corporate Communications neetal.naarang@monnetgroup.com Monnet Group, 011 – 29229652, 53 |
Mr. Jatin Khattar Dy Manager, Corporate Communications jatin.khattar@monnetgroup.com Monnet Group, 9810751243 |