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Odisha sees 23 percent fall in iron ore output

Reuters  |  BHUBANESWAR India 

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 ...

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First Published: Tue, October 21 2014. 20:25 IST