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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

JSW Steel Share Price

1245.55 21.15 (1.73%)
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