PTI reported that as a direct fall out of the iron ore mining scam in Karnataka, pig iron manufacturer TATA Metaliks Limited might have to close down its Goa plant in a week.
Mr Harsh Jha MD of TATA Metaliks a subsidiary of TATA Steel told PTI that "The iron ore supplies to the Goa plant are halted due to the Supreme Court ban on mining in Karnataka. We may have to close down the plant in a week.”
Mr Jha said the Goa plant depended on iron ore supplies from the Bellary Hospet belt in Karnataka.
He added that "Closure of the Goa plant will entail a huge revenue loss for the company.”
He said the Goa plant was contributing INR 500 crore out of TATA Metaliks' annual revenue of around INR 1,300 crore.
The Goa plant has a capacity of 200,000 tonne per annum.
The company was also in the process of acquiring 1,900 acre in Karnataka for its 3 million tonne steel plant. Mr Jha said the company was in the process of obtaining consent of the people for acquiring 75% and the balance would be acquired by the Karnataka government.
Mr Harsh Jha MD of TATA Metaliks a subsidiary of TATA Steel told PTI that "The iron ore supplies to the Goa plant are halted due to the Supreme Court ban on mining in Karnataka. We may have to close down the plant in a week.”
Mr Jha said the Goa plant depended on iron ore supplies from the Bellary Hospet belt in Karnataka.
He added that "Closure of the Goa plant will entail a huge revenue loss for the company.”
He said the Goa plant was contributing INR 500 crore out of TATA Metaliks' annual revenue of around INR 1,300 crore.
The Goa plant has a capacity of 200,000 tonne per annum.
The company was also in the process of acquiring 1,900 acre in Karnataka for its 3 million tonne steel plant. Mr Jha said the company was in the process of obtaining consent of the people for acquiring 75% and the balance would be acquired by the Karnataka government.
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