News and Events

It is learned that India ’s Supreme Court decides to lift the ban on 84 mines in Karnataka, which is a big favor to domestic steel and mining sectors.

According to Supreme Court’s order, it permits mining in Category A and B but cancelled 49 leases in Category C, where maximum illegalities were reported

JSW steel’s Joint MD and CFO Seshagiri Rao said that the relief not only provides breather to steel industry in the region but also assists in providing of direct and indirect employment and livelihood for several people.

Steel industry thinks supplies of iron ore and its quality will improve while prices will go down, they think about 24 million tons of iron ore will be available in the market.