JSW Steel slips despite emerging as preferred bidder for 3 iron ore mines in Odisha

JSW Steel Ltd. | Steel & Iron Products | Metals & Mining | BSE: 500228 | NSE: JSWSTEEL

18 Feb 2020 Evaluate

JSW Steel is currently trading at Rs. 282.10, down by 5.95 points or 2.07% from its previous closing of Rs. 288.05 on the BSE.

The scrip opened at Rs. 289.05 and has touched a high and low of Rs. 289.05 and Rs. 281.50 respectively. So far 140526 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 313.40 on 02-May-2019 and a 52 week low of Rs. 201.90 on 29-Aug-2019.

Last one week high and low of the scrip stood at Rs. 296.65 and Rs. 281.10 respectively. The current market cap of the company is Rs. 68552.37 crore.

The promoters holding in the company stood at 42.33%, while Institutions and Non-Institutions held 22.26% and 35.41% respectively.

JSW Steel has been declared as the ‘Preferred Bidder’ vide communication dated February 15, 2020 received from the Director of Mines, Odisha for 3 iron ore mines (Nuagaon Iron Ore Mine, Narayanposhi Iron & Manganese Ore Mine, Ganua Iron Ore Mine) in the State of Odisha, in the Auctions held by the State Govt. of Odisha on January 31, 2020, February 1, 2020 and February 4, 2020, respectively.

The estimated iron ore resources of the aforesaid mines are around 1091.835 Million tonnes. The Company will take all requisite steps as per the tender document to obtain Letter of Intent, all statutory clearances, execute Mine Development and Production Agreement (MDPA) and start the mining operations.

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.

JSW Steel Share Price

1277.70 -5.60 (-0.44%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Tata Steel	214.45
JSW Steel	1277.70
SAIL	184.80
Jindal Stainless	755.10
APL Apollo Tubes	1948.80
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