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JSW Steel to return to normal capacity in 2 months

Reuters/Bangalore 04 Jul 12 | 12:43 PM
Related to : JSW Steel Ltd
 JSW Steel Ltd

BSE   27 Nov 15 | 12:00 AM

871.20  -20.7 (-2.32%)

NSE   27 Nov 15 | 12:00 AM

872.05  -20.75 (-2.32%)

JSW Steel will start operating at its full capacity of 14.3 million tonnes per annum in the next two months on expectations of additional iron ore, a key raw material, from mines in Karnataka, its chief executive said.

The company currently running at 80-85 percent of installed capacity due to lower iron ore supplies, said Vinod Nowal, chief executive of JSW Steel told Reuters on sideline of a conference.

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The top court earlier this year has partially removed the mining ban by allowing category A mines, those with 50 hectares and with less or no illegalities, in addition to NMDC's 1 million tonnes per month.



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