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JSW Steel aims to increase own iron ore production


(Refiled to removes extraneous word from the headline)By Promit MukherjeeMUMBAI (Reuters) - JSW Steel Ltd, India's biggest local steelmaker, aims to be producing 80 percent of the iron ore needed for its flagship plant in south India in three years time as it seeks to cut costs, a senior executive said.The company expects to begin producing ore from mines it won in a recent auction in the southern state of Karnataka by March, at an annual run rate of 4.7 million tonnes, Deputy Managing Director Vinod Nowal said, adding that it was also planning to bid for more mines in an upcoming auction."A ...

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First Published: Sat, September 16 2017. 16:07 IST