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JSW’s Bellary plant takes a hit on mining ban

04 Aug 2011 Evaluate
As a direct falloutof the iron ore mining scam in Karnataka, JSW Steel has closed down two blastfurnaces at its Vijayanagar plant in Bellary due to non-availability of ironore. The furnaces have a steel production capacity of about 2.3 million tonnes.The production has gone down by 35 to 40%. Depending on the availability ofiron ore, the company would decide when to re-start the blast furnaces. LastFriday, the Supreme Court had ordered suspension of all iron ore miningoperations in the Bellary region on account of environmental degradation in thearea.crackcrack
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Company Name CMP
JSW Steel 1255.00
Tata Steel 184.65
Steel Authority 181.60
Jindal Stainless 746.95
APL Apollo Tubes 2181.05
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