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New Delhi, July 21 (PTI) Aiming to diversify into steel making, the country''s largest iron ore exporter Sesa Goa targets to buy land for the proposed plant in Jharkhand this financial year. "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," Sesa Goa Managing Director P K Mukherjee told PTI. The company had last year evinced interest to foray into making steel primarily to get access to rich iron ore reserves in states like Jharkhand and Orissa, which encourage value- addition while granting such mineral deposits to companies. Sesa Goa already has pig iron making facilities at its premises in Goa. The Vedanta Group company operates mines in Goa, Karnataka and Orissa. In Orissa, the miner is already in pact with Orissa government to foray in steel making, the group''s Chairman Anil Agarwal had earlier said. "Though, its premature to talk about it, we will look for strategic investor or partner who has specialisation of making steel to partner us for the steel ventures. We would like to be a mining company in the JV," he added. Mukherjee had earlier said the company has a license to prospect iron ore mines in Jharkhand and it has applied to convert it into a mining license. Sesa Goa 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. The company is actively scouting for properties in India and overseas to meet its iron ore production target. The company produced nearly 6.5 million tonnes of iron ore in the first quarter of the fiscal when it sold about 5.4 million tonnes of iron ore. The company saw its profit growing three-folds in the first quarter of the current fiscal to Rs 13.01 crore over the year-ago period.
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