JSW Steel is firming up plans to bid for low grade Goa iron ore as soon as the stock comes up for bidding. Sources said that the company is currently working out a plan whether to use the iron ore for its Vijayanagar plant in Karnataka or its Dolvi plant in Maharashtra. JSW Steel, which is the country’s biggest private sector steel producer is also the least backward integrated — that is, it does not have access to any iron ore for steel production. It has three upstream (crude steel production) plants in the country with the flagship of 10 million tonnes per annum (mtpa) located in Vijayanagar, Karnataka. The other two plants are — Dolvi in Maharashtra with a capacity of 3.3 mtpa and Salem in Tamil Nadu with a capacity of 1 mtpa.

Source : http://www.financialexpress.com/news/jsw-to-bid-for-low-grade-goa-iron-ore/1198426

 

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