JSW steel to restore full production in 4 weeks

JSW Steel, which had cut production to 30 per cent of installed capacity at its 10-million tonnes-per-annum (mtpa) Karnataka unit after the ban on mining and sale of iron ore, is optimistic of restoring normal output by the end of this month.

The company grabbed the bulk of what was offered at yesterday’s Supreme Court-authorised e-auction of ore, the third in the series. It hopes to stock close to one month’s inventory at its Vijayanagar plant, situated at Toranagallu in Bellary district.

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