JSW Steel to diversify iron ore business

The company is considering Goa as an alternative source to meet its raw material requirements for both Vijayanagar in Karnataka and Dolvi in Maharashtra

JSW Steel is planning to diversify the sourcing of its iron ore, including from imports, according to a media report. The company is considering Goa as an alternative source to meet its raw material requirements for both Vijayanagar in Karnataka and Dolvi in Maharashtra. At present, JSW Steel operates three steel plants with a combined capacity of 14.3 million tonnes per annum at Vijayanagar (10 mtpa), Dolvi in Maharashtra (3.3 mtpa) and Salem in Tamil Nadu (1 mtpa). It requires 18 mtpa of iron ore at Vijayanagar and 5.5 mtpa at Dolvi. The current capacity utilisation is around 80%.