Sesa Goa is likely to start importing iron ore for feeding its 6.25 lakh tonnes pig iron plant in Goa due to a mining ban in the state. After the imposition of mining ban in Goa in September this year, its production has come to halt.
The Supreme Court, on 5 October 2012, ordered a suspension on mining activities in Goa, including transportation of mined ore from mines or stockyards and asked the Central Empowered Committee to file a preliminary report in four weeks.
The company has registered 86% year-on-year decline in sales of iron ore to 0.2 million tonne during the quarter ended September 30, 2012 as against the sales of 1.6 million tonnes during the corresponding quarter last fiscal. For the half year ended (H1) September 30, 2012, sales were 3.1 million tonnes as compared with 5.8 million tonnes during the corresponding prior year.
