Bellary steel plants stick with expansion plans
In Karnataka’s crisis-stricken district of Bellary, the expansion plans of prominent steel plants are still on track as the mining ban that has brought production down to a minimal level is expected to be temporary.“We are going ahead with our development plan,” Vikas Sharma, senior vice-president, commercial and services, JSW Steel Ltd, said in an interview. “Work has already started. We are trying to establish our total 10 million tonnes (mt) capacity. On a parallel, (work on) 12 mt is going on.”
While JSW’s Vijayanagar plant at Toranagallu is facing an acute shortage of iron ore that has cut production to 30-40%, the enhanced capacity is expected to be ready by 2012-end, said Sharma.
In Karnataka’s crisis-stricken district of Bellary, the expansion plans of prominent steel plants are still on track as the mining ban that has brought production down to a minimal level is expected to be temporary.“We are going ahead with our development plan,” Vikas Sharma, senior vice-president, commercial and services, JSW Steel Ltd, said in an interview. “Work has already started. We are trying to establish our total 10 million tonnes (mt) capacity. On a parallel, (work on) 12 mt is going on.”
While JSW’s Vijayanagar plant at Toranagallu is facing an acute shortage of iron ore that has cut production to 30-40%, the enhanced capacity is expected to be ready by 2012-end, said Sharma.
NARENDRA KR NIRAJ
PGDM3rd
IIMT
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