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JSW Steel surrenders iron ore mine lease in Odisha: Report

06 Sep 2021 Evaluate

JSW Steel has reportedly surrendered one of the four iron ore mines it had won through competitive bidding in Odisha last year due to commitment of high premium for poor quality ore.

The Gonua iron ore block, which is being surrendered by JSW Steel, was won with the committed premium of 130 per cent and has estimated reserves of 118 million tonnes (mt). Currently, the company mines about 0.5 mtpa.

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

1243.30 13.55 (1.10%)
06-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
Tata Steel 190.85
JSW Steel 1243.30
Steel Authority 169.20
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