JSW Steel Ltd.

JSW Steel is not keen on the forthcoming Odisha auctions as it is not willing to pay a premium given the demand slowdown for steel and an economy in tatters.

The bidding for Odisha iron ore mines will be conducted in two phases, with the first this month and the second in September, and eight mines are expected to auctioned in the August round.

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.