JSW Steel Limited has announced that there are misleading media reports of CBI raids on JSW Steel Limited Vijaynagar unit at Bellary. JSW Steel strongly denies any such raids.

The company said that CBI team visited company's Vijaynagar works on October 3rd 2011 and sought certain information about procurement of iron ore. JSW Steel has been procuring iron ore from various sources for its steel production requirements and every tonne procured is accounted, paid for and in compliance with applicable rules and regulations.

JSW Steel has and will fully cooperate and provide all the information that may be sought by the authorities concerned in this regard.