JSW Steel’s Managing Director Sajjan Jindal told NDTV on Friday that the land acquisition for the new West Bengal plant, at Salboni near Kharagpur, has been completed. The raw material for the 10 MT greenfield steel plant would be supplied by the state government, he said.
In addition, JSW has applied for iron ore mines in Ankua in Jharkhand, he said. The company is also currently in talks with coking cola mines in Australia.
On higher raw material costs, he said that margins are likely to be affected by 5-10 per cent.