MoneyWorks4Me

JSW Steel secures two iron ore mines in Odisha

03 Feb 2020 Evaluate

JSW Steel has secured two iron ore mines with total reserves of 980 million tonnes in the auction in Odisha. The company won Narayanposhi iron block with 190 MT and Nuagaon mine with total estimated reserve of around 790 million tonne. Both the mines are operational and its leases were expiring in March.

JSW Steel is one of the largest steel manufacturing companies in India having units in Karnataka and Maharashtra producing crude steel, long steel and flat steel products.

Peers
Company Name CMP
JSW Steel 1230.00
Tata Steel 183.40
Steel Authority 173.15
Jindal Stainless 724.60
APL Apollo Tubes 2115.85
View more..