BHUBANESWAR India (Reuters) - India's biggest iron ore producing state Odisha expects production to fall 23 percent to 60 million tonnes this fiscal year ending March due to a court shutdown of mines pending their licence renewals, its mines director told Reuters on Tuesday.The Supreme Court of India ordered the closure of dozens of Odisha's mines in May as their licences had expired, sharply cutting the state's output and raising prices. This has forced steel companies such as JSW Steel to import heavily.Odisha's April-September production fell more than a quarter to 23 million tonnes from a ...
MORE ON MARKETS:
Copyrights © 2020 Business Standard Private Ltd. All rights reserved.
Upgrade To Premium Services
Business Standard is happy to inform you of the launch of "Business Standard Premium Services"
As a premium subscriber you get an across device unfettered access to a range of services which include:
- Access Exclusive content - articles, features & opinion pieces
- Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
- Access to 17 plus years of content archives
- Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
- End of day news alerts on 5 companies (via email)
- NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
In Partnership with
Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.
Team Business Standard