JSW Steel to Bid for 8 Mines in Karnataka, India
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JSW Steel announced that the biggest Indian steelmaker, plans to bid for eight mines in Karnataka that have been opened up for auctions. The last day for putting in the bids is March 12. Mr Seshagiri Rao, Joint Managing Director & Group CFO said that “We already have five mining leases in the State. While production in one mine will begin next week, the second mine will be commissioned in this quarter.”
Mr. Rao said that production in rest of the three mines will begin in the first half of the next financial year.
The five mines collectively will have a capacity of nearly 5 million tonne of iron ore a year.
Source: Steel Guru
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