Jindal Steel & Power Limited - News Clarification

The Exchange had sought clarification from Jindal Steel & Power Limited with respect to a news item captioned Thakurani mines closure order to hit iron ore supplies to JSPL(Jindal Steel and Power Ltd). The Company has clarified that The Company sources iron ore from Sarda Mines Private Limited. There is no material impact as adequate stock of iron ore are available with the company. The company, if required, can ramp up iron ore production of its own Tensa Mines as also source it from several mines in its neighborhood in Odisha.

Apr 16, 2014 06:04 IST Captital Market

The Exchange had sought clarification from Jindal Steel & Power Limited with respect to a news item captioned Thakurani mines closure order to hit iron ore supplies to JSPL(Jindal Steel and Power Ltd). The Company has clarified that The Company sources iron ore from Sarda Mines Private Limited. There is no material impact as adequate stock of iron ore are available with the company. The company, if required, can ramp up iron ore production of its own Tensa Mines as also source it from several mines in its neighborhood in Odisha.

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