Power Today |
Advertise Here [728 W x 90 H pixels]
Web Exclusive | June 2013

Captive miners in Odisha await panel recommendation

Captive iron ore producers in Odisha are awaiting the recommendation of the Justice MB Shah Commission, which is probing irregularities in the ore mining industry in the state.

The commission is finalising its recommendations on irregularities in ore mining in Odisha. Some reports indicate that if the commission suggests a blanket ban on mining, SAIL would lose 4 mn t of captive iron ore output, while Tata Steel would lose 7 mn t of iron ore a year.

Shortage of iron ore may force Tata Steel to operate only at about 60 per cent utilisation, a report by EmKay Global Financial Services shows.

The report points out that Tata Steel needs about 17 mn tpa of iron ore to operate its current steel production capacity of 9.7 million tonne per annum (mn tpa).

Currently, its iron ore requirements are partly met by supplies from Noamundi and Joda (East) mines in Jharkhand and Odisha, respectively.

Also, as iron ore for the company's 6-mn tpa steel plant being set up Odisha is likely to be supplied from the Khandband mine (Odisha), a ban might delay the project.

Operations at SAIL's steel mill in Rourkela would also be hit if captive miners are forced to discontinue mining, reports suggest. Though the company has mines in adjoining Jharkhand, it would have to pay high costs to transport iron ore from there, reports indicate.

Post your comment
Verification Code:   Change Image


Posted Comment
1 .     Yogesh Says:
17 Oct 2016
I wish to start pvc / pp electric wire unit in Delhi. What kind of information I can get if I subscribe for your magazine

2 .     Sarfaraj Bilakhiya Says:
20 Sep 2016
Pls invite me all auction in gujarat

3 .     k.natarajan Says:
20 Jun 2016
we are doing business developing for solar power ,thermal power , customer supporting and we have 45 mw splar power on hand needs investors..... thanks lot pls call +910842559230 +919842753550

Advertise Here [728 W x 90 H pixels]