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Monday, January 16, 2012

JSW seeks WB CM help to secure iron ore supply

Monday, 16 Jan 2012

ET reported that curbs on mining iron ore in Orissa and its movement between states have stymied JSW Steel's proposed INR 35,000 crore steel project in West Bengal, forcing its chairman to seek the intervention of chief minister Ms Mamata Banerjee.

Mr Sajjan Jindal told ET recently that "I have requested Ms Banerjee to look into the issue of inter state transfer of ore. We want market linked access and the CM has promised to take it up with the Centre.”

JSW’s steel cum power project at Salboni has been granted land and coal linkage. It was to source iron ore from private miners in Odisha, but plans went awry when the Mr Naveen Patnaik government clamped down on mining after irregularities came to the fore.

(Sourced from ET)

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