JSW Steel Ltd.

JSW Steel has been declared as a ‘Preferred Bidder’ vide communication dated October 11, 2023 received from the Office of the Director, Department of Mines and Geology, Government of Karnataka, for Jaisinghpura North Block, in the Auction held on August 21, 2023. 

The highest final offer price by the company to become a ‘Preferred Bidder’ is 150.3% of the value of Mineral dispatched. The projected Iron Ore Resources is 17.66 in MMT. 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.