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


Tagged as: ,

Categorised in: Manufacturing, Sector News

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: