JSW Steel Ltd has raised its production at Vijaynagar plant
in Karnataka to 50-60% of capacity from 30 percent last month, joint managing
director Seshagiri Rao said on Friday.
JSW Steel was affected in August after the country's apex
court put an interim ban on mining of iron ore a key raw material in Bellary
district of Karnataka due to illegalities.
“Two small furnaces remain closed but the larger
furnaces are running,” at Vijaynagar, Rao said.
It had said in September that it may have to shut its key
plant in southern India if iron ore supplies did not improve, missing its
output forecast for FY12.
“We perceive this as a temporary situation once
e-auction procedures and new arrivals improve and once capacity starts getting
better in terms of utilization, we would be able to get back,” Director
Jayant Acharya said.
The Vijaynagar plant accounts for 10 million tonnes of JSW
Steel's total capacity of 14.3 million tonnes. The firm's production was lower
at least by 450,000 tonnes due to shortage of iron ore during the quarter.
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