JSW steel sets eyes on 16 mines in Karnataka for bidding


JSW Steel has identified 16 iron ore mines to bid for in Karnataka’s impending auctions based on the deposits found, its deputy managing director Vinod Nowal told ET.

The Karnataka government has been directed by the Supreme Court to auction all mines in category C, where most illegal mining happened, to “end-users” of the commodity by end of August this year. “We have identified 16 mines out of 51 mines in category C. It is not economically viable to bid for others mines in the category,” Nowal told ET

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Categorised in: Manufacturing, Sector News

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