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

Seeks to secure supplies for its 10-mn-tonne mega project on which it has committed Rs 50,000 cr

Sajjan Jindal-led JSW Steel is keen to have a long-term iron ore linkage arrangement with the state government-controlled Odisha Mining Corporation (OMC) to secure iron ore supplies for its planned 10-million tonne steel plant.
 
The company has committed an investment of Rs 50,000 crore in 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.