21.15 (1.73%) JSW Steel has been declared as a preferred bidder for Jajang iron ore block in Odisha. The block holds estimated reserves of 39 million tonne. The highest final offer price by the company to become a preferred bidder is 110 per cent of average monthly prices of iron ore of different grades and quality published by Indian Bureau of Mines (IBM) in Odisha from time to time.
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.