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14 Feb
13:37

JSW Steel harbours huge ore mining ambitions: report

JSW Steel plans to go from having no captive iron ore mines to being a 100 million tonnes/year miner through the rapid acquisition of mines at auctions, JSW chairman Sajjan Jindal tells Indian daily The Economic Times. The steelmaker has in recent weeks won four new mines in Odisha with iron ore reserves exceeding 1 billion tonnes. It consumes 35-40m t/y of the raw material and will soon require 60m t/y following its expansion and takeovers of Bhushan Power & …
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