21.15 (1.73%) In order to secure supplies for its planned 10-million-tonne mega steel plant, JSW Steel is reportedly planning to enter into long-term iron ore linkage arrangement with Odisha government-owned Odisha Mining Corporation (OMC). The company has committed an investment of Rs 50,000 crore on the steel mill and an additional Rs 3,500 crore on associated infrastructure such as coal and iron ore berths and a slurry pipeline.
JSW Steel is one of the largest steel manufacturing companies in India having units in Karnataka and Maharashtra producing crude steel, long steel and flat steel products.