JSW Steel one of the largest steel producer in the world, the company JSW Steel steel plant for a source of iron ore mines to meet the needs of iron ore that will be used to produce steel. Iron ore mine site is the target is the northern region of Karnataka. JSW steel to acquire iron ore mines Bellary. The company currently waiting for the provision of mining contracts from the government.

JSW Steel Ltd is the biggest single investor in the state. Investment amount of Rs 21,700 crore.

The acquisition of mines in Bellary is very important for such companies in the process of expanding steel production capacity to 11 million tonnes per year by 2010. The company also received state approval to expand capacity to 16 million tons per year at an investment of Rs 20,000 crore.

Own mining company needs to expand its steel plant to 11 million tons per year. It is scheduled to begin in 2010. At present, operates a steel plant with a capacity of 7.8 million tons.

Companies that needed about 25 million tons of iron ore to feed the plant expansion is complete, said Sajjan Jindal, vice chairman and managing director, JSW Steel Ltd.

“We have searched for mines since the beginning of our steel plant. But some people have gone to court against the granting of mining lease to us. We are awaiting the state government to sanction certain mining concessions. Once it comes, we’ll take the next phase of expansion, “said Jindal Business Standard.

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