India’s Sesa Goa sees FY12 volumes up after iron ore ban lifted

Reuters reports that Sesa Goa (NSE:SESAGOA), India’s largest iron ore exporter, expects sales volume to jump 15 to 20 percent this year after the country’s top court lifted a ban on shipments from a key state.

The market news is quoted as saying,

Production at Sesa, a unit of London-listed Vedanta Resources , had fallen 21 percent in the March quarter because of the export ban in the southern state of Karnataka. However, it posted a 21 percent jump in net profit in the fiscal fourth quarter with sales volumes rising marginally to 6.7 million tonnes as it used up stocks

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