SW hikes output at Vijayanagar unit to 35-40% of capacity

New Delhi : JSW Steel has 'slightly' increased production levels from its 10 million tonnes per annum Vijayanagar steel plant in Karnataka to 35-40% of capacity after the company secured over 1.8 million tonnes of iron ore through a recent auction of the raw material.

"The situation has improved slightly... We are currently producing at about 35-40% of total capacity. One blast furnace and one Corex unit is operational. If iron ore movement improves, our production will also improve," a senior company official said.

Late last month, the company had gone for a massive 70% cut in production to 30% of installed capacity due to acute iron ore shortages.