JSW Steel plans tie-up with OMC for long-term iron ore linkage


JSW Steel plans tie-up with OMC for long-term iron ore linkage

Sajjan Jindal-led JSW Steel is keen to have a long-term iron ore linkage arrangement with Odisha government-owned Odisha Mining Corporation (OMC), in order to secure supplies for its planned 10-million-tonne mega steel plant. The company has committed an investment of Rs 50,000 crore on the steel mill and an additional Rs 3,500 crore on associated infrastructure such as coal and iron ore berths and a slurry pipeline.

“JSW Steel wants to secure long-term iron ore supplies for its proposed steel project in Odisha. For feeding the steel plant, it needs 16 million tonnes of iron ore annually. The company has discussed this with the state government, though there is no definitive proposal yet”, said a senior government official with the industries department. Read More…

 

 

Credit By: Business Standard

Leave a Reply

Your email address will not be published.