JSW Steel has been declared as a Preferred Bidder by the Directorate of Geology and Mining, Maharashtra on May 16, 2023, for Composite Licence of an unexplored Iron Ore mine (Surjagad 4 Iron Ore Block in Gadchiroli District) in the State of Maharashtra, in the Auctions held by the State Government of Maharashtra on May 12, 2023.
The highest final offer price by the company to become a ‘Preferred Bidder’ is 131.05% of average monthly prices of iron ore of different grades and quality published by Indian Bureau of Mines in the State of Maharashtra from time to time. The company will take all requisite steps as per the tender document to obtain Letter of Intent, all statutory clearances to execute the Lease Deed with 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.
| Company Name | CMP |
|---|---|
| Tata Steel | 212.05 |
| JSW Steel | 1279.60 |
| SAIL | 175.05 |
| Jindal Stainless | 787.90 |
| APL Apollo Tubes | 2107.15 |
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