India's JSW Steel will start operating at
its full capacity of 14.3 million tonnes per annum in the next two months on
expectations of additional iron ore from mines in the southern state
of Karnataka, its chief executive said.
Production at JSW Steel's 10 million tonnes per year Vijayanagar plant in
Karnataka has been affected since August last year when India's Supreme Court
put an interim ban on mining in the state, citing illegalities in
some mines.
“What we are getting through the auction, we are running our company at
80-85 percent capacity… in two months time we look to reach 100
percent,” said Vinod Nowal, chief executive of JSW Steel.
“The top court had partially removed the mining ban earlier this year by
allowing mining by category A mines, those with 50 hectares and with less or no
illegalities, besides approving NMDC's output of 1 million tonnes per month.
Source: The Economic Times
Leave a Reply