Help Desk -
9958816305, 9810335381
Email
Password

JSW Steel to Bid for Odisha & Karnataka mines

Steel News - Published on Mon, 04 Nov 2019

Image Source: jsw.in
Financial Express reported that even as JSW Steel cut its capex guidance for FY20, the company is looking at bidding for a majority of the 20 iron ore mines in Odisha to secure raw material for its greenfield and brownfield projects. Mr Jayant Acharya, director JSW Steel, said the company was bidding for mines given the 20 mtpa greenfield project in Odisha. He said that “The mines in Odisha will primarily help the company secure the future raw material needs of the new plant in Odisha, but it will be taken to other plants as well to meet the requirement.”

The company is also looking to bid for mines in Karnataka, where it has already secured nine iron-ore mines.

JSW Steel has undertaken steel capacity expansions at the Dolvi plant to 10 million tonne per annum from 5 million tonne per annum and at Vijayanagar Works to 13 million tonne per annum from 12 million tonne per annum, which would increase the requirement of iron ore from current 32.4 million tonne per annum to 43.2 million tonne per annum. JSW steel meets around 8-9% of its total requirement from captive mines, while the rest is sourced from NMDC and other miners.

Source :

Posted By : Rabi Wangkhem on Mon, 04 Nov 2019
Related News from Steel segment