12 May 2012

Iron Ore Mines to Steel Manufacturing Units

The Minister of Steel, Shri Beni Prasad Verma has said that as per available information, the Steel Authority of India Limited (SAIL) in the public sector and Tata Steel, Jindal Steel & Power Limited, Lloyd Metals & Engineers Limited, Usha Martin Limited, Jindal Saw Limited, Jayaswal Neco Industries Limited, Ispat Industries Limited, in the private sector are the major iron and steel companies, which have been allocated captive iron ore mines by the concerned State Governments. 

In a written reply in the Rajya Sabha today Shri Verma said, the use of iron ore by the mining lease holders including captive miners, is governed by the terms and conditions of allotment of mines by the concerned State Governments to the lease holders. Since Iron and Steel is a de-regulated sector, no such information regarding quantum of additional iron ore extracted by steel companies, if any, is maintained by the Ministry of Steel. However, SAIL has reported that its production from captive mines is regulated as per requirement of the steel plants. 

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