Bhushan Power & Steel: Iron Ore Sourcing Down 73% in Apr'20

Bhushan Power & Steel - a major integrated steel maker with a capacity of 3.5 MnT has recorded iron ore sourcing at 61,679 MT in Apr'20. The sourcing witnessed a fall of 73% as against 232,395 MT in Mar'20.

Sourcing from Indrani Patnaik picked up 12% in Apr'20

Indrani Patnaik supplied 34,650 MT in Apr'20 as against 30,801 MT a month ago.

Sarda Mines recorded supplies at 19,353 MT as against nil a month ago. The Supreme Court as on 30th Jan 2020 allowed Sarda mines to resume operations. Apex court was allowed on the condition to pay dues towards environmental compensation to the Odisha Govt. by 29 Feb'20. The Honorable court also made it clear that JSPL can transport iron ore lying at Sarda mines.

Sourcing from OMC, Essel Mining and Rungta Mines recorded nil for the month. The sourcing from Odisha miners fell amid logistic issues and mills curtailing output due to COVID 19. Also,the mills are holding adequate iron ore inventories.

Bhushan Power & Steel: Iron Ore Sourcing Apr'20 v/s Mar'20

Source: SteelMint Research
Quantity in MT
Provisional Data
the figures include only rake movement, road movement is excluded

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