JSW Steel has withdrawn its application for the Final Mine Closure Plan submitted before the Indian Bureau of Mines for the purpose of surrender of Jajang Iron Ore Block located in the district of Keonjhar, Odisha, after considering demand and supply scenario of Iron Ore in India.
Earlier, due to un-economic operation, the Company had submitted a notice for surrender of mining lease on September 1, 2023 in respect of one mine, namely Jajang Iron Ore Block located in the district of Keonjhar, Odisha, out of the 4 iron Ore Mining leases it has in the State of Odisha, which were acquired through auction in 2020.
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.
