August 25,
Hopes run high for six steel units in Goa, which consume high grade Iron ore from Karnataka and whose production has been disrupted on account of the abrupt decision by the Karnataka government to ban transportation of Iron ore.
Since July 31, the ban has affected production of Aparant Iron and Steel Private Limited, Sesa Industries Ltd, Shradha Ispat Pvt Ltd, Ambey Metallic Ltd, Goa Sponge & Power Limited and Shrithik Ispat Limited.
“Our stocks are depleting and in the next two days we have no option but to reduce production by 20% ,”said Mr. V N Singh, the general manager of Aparant Iron and Steel Pvt Ltd.
It is learnt that Sesa Goa has received a permit to transport ore lying in Karnataka. However an official at Sesa Goa denied this and said a meeting was scheduled some weeks ago with the Deputy Commissioner of Uttar Kannada who assured them that Sesa’s case will be taken up by the Karnataka Government. Even the six Goan steel units manufacturing pig and sponge iron are hoping that the ban will be lifted soon.
Leave a Reply