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Ore shortage may shut Bellary’s Jindal Steel
Asia’s biggest steel plant, Jindal Steel Works (JSW), in Torangal of Bellary district in Karnataka, with a capacity to produce 10 million tonnes per annum, may be forced to shut down within 10 days due to the shortage of iron ore after the Supreme Court banned mining activity in the district in the wake of large-scale illegal mining.
Sajjan Jindal of the JSW said, “Till date we have a stock of 30,000 tonnes of iron ore. If we fail to get supplies within a couple of days, we may have no other option but to announce shutting down the plant.”
However, Jindal hoped that things would “not come to that stage” and that the State Government and the Supreme Court would take timely action to see that steel industries in the State were not compelled to close down and thousands of employees put to trouble.
Jindal also urged Chief Minister Sadanand Gowda to allot captive mines to major steel industries as assured in the Memorandum of Understanding signed before the establishment of the plant.
Sajjan Jindal of the JSW said, “Till date we have a stock of 30,000 tonnes of iron ore. If we fail to get supplies within a couple of days, we may have no other option but to announce shutting down the plant.”
However, Jindal hoped that things would “not come to that stage” and that the State Government and the Supreme Court would take timely action to see that steel industries in the State were not compelled to close down and thousands of employees put to trouble.
Jindal also urged Chief Minister Sadanand Gowda to allot captive mines to major steel industries as assured in the Memorandum of Understanding signed before the establishment of the plant.
