Sesa Goa to acquire land for steel plant in Jharkhand

NEW DELHI: Sesa Goa, India's largest iron ore exporter, is eyeing to acquire land for proposed steel plant in Jharkhand. Mr. P K Mukherjee, Managing Director, Sesa Goa, said, “No story has so far unfolded on this front. ...We are planning to meet our first milestone that is of acquiring land for the project in Jharkhand in the current fiscal."

Last year, Sesa Goa has shown keen interest to foray into steel making to access rich iron ore reserves in states like Jharkhand and Orissa. This company has iron making facilities at its premises in Goa.

Sesa Goa had already entered into a pact with the Orissa government to foray in steel making. This company had produced about 21 million tonnes of iron ore last fiscal and expects the output to grow in the current financial year, as it targets the 50 million tonnes mark in next 2-3 years.