Jindal Steel and Power Ltd (JSPL) said that it has started transportation of its already processed and royalty paid iron ore from Sarda Mines Pvt Ltd in district Keonjhar of Odisha following the Supreme Court’s order issued last week.
On January 30, the Supreme Court had allowed JSPL to transport high-quality iron ore lying in Thakurani block mines of Sarda Mines Pvt Ltd (SMPL) subject to the condition that the company pays Rs 993 crore in dues to the state government by Feb 28. This decision will enable JSPL to transport Rs 2,000 crore worth of 12 million tonnes of iron ore from SMPL to its pellet plant at Barbil, both in Odisha.
The supply of high-quality ore from SMPL to JSPL plant was closed in March 2014 due to the lack of environmental clearance and the company was forced to source raw material from the open market.
