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JSW Steel expects its Vijayanagar steel plant to reach 100 per cent capacity once the iron ore supply resumes in Karnataka.
Speaking on the sidelines of the Global Investors' Meet here, Mr Sajjan Jindal, Chairman, JSW Steel, said that the steel plant, located in Thorangal in Bellary district of Karnataka, was currently running at 80-85 per cent capacity. “We expect to reach 100 per cent capacity in 2-3 months,” he added. JSW Steel's Vijayanagar plant has a steel production capacity of 10 million tonnes per annum. The company has so far invested over Rs 25,000 crore in the plant. The Central Empowered Committee, constituted by the Supreme Court, is expected to come out with a reclamation and rehabilitation plan soon.
JSW Steel signed an MoU with the Karnataka Government to set up an iron ore benefication and cement plants in the State at an investment of over Rs 6,090 crore.
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