Odisha JSW Steel

Recently, Odisha successfully conducted electronic auctions of 19 lapsing iron and manganese ore blocks now run by merchant or non-captive iron ore blocks

It already owns six iron ore mines in Karnataka, with a combined capacity of eight mn tonnes a year

Sajjan Jindal-led JSW Steel is likely to buy iron ore from merchant miners in Odisha to cater to the requirement of its 10 million tonnes per annum (mtpa) steel plant and a pellet unit proposed in the state. The company has pegged its annual iron ore requirement for the two facilities at 30 million tonnes."JSW Steel has initiated discussions with a few merchant iron ore producers in Odisha. They are looking to secure long-term raw material supplies for their proposed greenfield steel plant", said a source close to the development.JSW Steel, however, refused to comment on the development. A questionnaire sent by e-mail remained unanswered.The steel maker is looking at multiple options to firm up iron ore supplies. It is also open to bid for iron ore blocks to be offered by the Odisha government in the future. JSW Steel has unsuccessfully contested for two iron ore reserves put to auctions with integrated steel plant as an end-use. Essar Steel and Bhushan Steel, both companies facing ...

??JSW Infrastructure, part of the Sajjan Jindal controlled JSW Group, has pledged an investment of Rs 2000 crore to set up a captive port in Odisha's coast at Jatadhari Muhan near Paradip. Initially, the port would have a capacity to handle 10 million tonnes of cargo and which could be subsequently raised to 20 million tonnes.Initially, JSW Group in its proposal to the Odisha government had evinced interest to establish a commercial port at Jatadhari Muhan. The site selected was the one chosen by Posco India for building its captive port. But, JSW dropped its interest for the commercial port as such a port can be set up only through the competitive bidding route as per the state's port policy."JSW Group had earlier proposed a commercial port but of late, they have come up with a revised plan for a captive port. The capacity of this proposed port can go up to 20 million tonnes a year", said a senior Odisha government official with direct knowledge of the matter.In a previous ...

Posco wrote to the state government to surrender the land acquired for its project of equal capacity