Bhubaneswar:27/7/18; Jindal Steel and Power Limited (JSPL) chairman Naveen Jindal on Friday sought the intervention of the Odisha government to address the increasing iron ore price and freight rate.
Holding a meeting with chief secretary Aditya Prasad Padhi, he said the steel industry is facing iron ore and coal availability problems in the state.
“While iron ore price in international marketing is decreasing, the same in Odisha is increasing. The transporters are also increasing the freight rate time to time in Keonjhar district. This adds to the challenges faced by the steel industries in the state,” said Jindal.
JSPL has invested Rs 35,000 crore in the Barbil plant in Keonjhar district. JSPL is operating India’s largest pellet plant having 9 MTPA capacity. In the last two years, it has made the highest pellet export.
JSPL has recently commissioned Odisha’s largest 6 MTPA capacity steel plant in Angul.
“Not only the iron ore rate hike but also the Keonjhar district transporters are hiking their cost time to time. All these factors are putting the steel industry in great trouble,” said Naveen Jindal.
He also informed that there is a scarcity of coal for steel industries.