Sesa Goa, a Vedanta Group company is likely to pump in Rs 600 crore this fiscal in ongoing expansion projects and to develop infrastructure facility at its mines in Goa. The company is in advanced stage of rising pig iron production to 625,000 tonnes per annum (tpa) from 250,000 tpa and metallurgical coke to 560,000 tpa from 280,000 tpa.
The company plans to invest Rs 150-200 crore in Goa for laying separate roads for transporting iron-ore from mines to the nearest sea port. This will ease the burden on public infrastructure facility. The company has been incurring higher transportation expenses.
Sesa Goa has reported a 20.50% decline in its consolidated net profit at Rs 1,162.11 crore for the fourth quarter ended March 31, 2012. The company had a net profit of Rs 1,461.76 crore in the same period last fiscal.
