“Production was flat on a year-on-year basis, production volumes could not be increased due to shortage of iron ore. Otherwise the production could have been much better and sales, even better,” said Seshagiri Rao, joint managing director, JSW Steel NSE 0.52 %.
The first phase of production at Adhunik Metaliks Ltd and Zion Steel will begin on Thursday after almost three years of its shutdown and the subsequent acquisition by Sanjeev Gupta's Liberty Steel through the insolvency process in February of this year.
“The journey to get to this stage has not been without challenges, especially as we continue to manage the COVID-19 pandemic. The myriad of challenges in starting up the plant and machinery was overcome through the work of Adhunik’s team,” said the company’s managing director Uday Gupta.