Chief Minister Madhu Koda on Tuesday told Steel Authority of India (SAIL) Chairman SK Rungta that the company's applications for the renewal of iron ore mining lease were being considered by the government.
Koda said the government would soon renew the lease of mines, which were not sub juice. The company has 10 requests for the renewal of iron ore mining leases pending with the Jharkhand Government. The government had cancelled the lease of three iron ore mines of the erstwhile IISCO that has been taken over by the SAIL last year. Bokaro Steel Limited MD BK Srivastava, who was accompanying the SAIL Chairman, however, requested the Chief Minister to withdraw State government's claim over Chirya mines.
Rungta informed Koda about SAIL's expansion plans and maintained that the company would be requiring 5-6 million ton (MT) of iron ore soon. He said SAIL was planning to increase its production to 7 MT from the present 4.5 MT in the first phase. SAIL's production would cross the 10 MT mark in the next phase, he said. The SAIL delegation also informed the Chief Minister that the Steel Ministry has targeted 110 MT by 2010.
Koda said the government would soon renew the lease of mines, which were not sub juice. The company has 10 requests for the renewal of iron ore mining leases pending with the Jharkhand Government. The government had cancelled the lease of three iron ore mines of the erstwhile IISCO that has been taken over by the SAIL last year. Bokaro Steel Limited MD BK Srivastava, who was accompanying the SAIL Chairman, however, requested the Chief Minister to withdraw State government's claim over Chirya mines.
Rungta informed Koda about SAIL's expansion plans and maintained that the company would be requiring 5-6 million ton (MT) of iron ore soon. He said SAIL was planning to increase its production to 7 MT from the present 4.5 MT in the first phase. SAIL's production would cross the 10 MT mark in the next phase, he said. The SAIL delegation also informed the Chief Minister that the Steel Ministry has targeted 110 MT by 2010.
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