Odisha- India’s largest iron ore producing state recorded total merchant iron ore dispatches at 6.13 mn t in Nov’20, down 8% against 6.64 mn t in Oct’20. The figures exclude movement for export and dispatches of miners- SAIL, JSW (Gonua & Narayanposhi) & Tata Steel.
Key highlights
- Sarda Mines recorded highest dispatches at 1.34 mn t for the month against 0.84 mn t in Oct’20.
- OMC, state-owned miner, recorded a rise in dispatches to 1.22 mn t for Nov’20 as against 0.70 mn t in the last month (Oct’20). Miner’s production from Gandhamardhan mines have witnessed an increase in addition to volumes from Tiringpahar.
- Dispatches of iron ore from Rungta Mines fell by 29% to 0.83 mn t in Nov’20, as compared to 1.16 mn t in Oct’20.
- JSW Steel’s dispatches stood at 0.81 mn t, up 30% m-o-m with new mines (Jajang and Nuagaon).
Odisha Iron ore Dispatches in Nov’20 & Oct’20
Figure Include Sarda Mines, JSW Steel (Jajang & Nuagaon) & AMNS Movements
Figure exclude SAIL, Tata & JSW Steel (Gonua & Narayanposhi) captive movement
Qty in mn t
Source: SteelMint, Provisional Data
Outlook: Odisha may entrust at least three iron deposits it auctioned unsuccessfully last year to state -owned PSUs Odisha Mining Corporation and the state’s newer exploration agency Odisha Mineral Exploration Corporation. This may boost iron ore supplies in the state in the next quarter.
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