JSW Steel has been declared as the ‘Preferred Bidder’ vide communication dated November 18, 2024 received from the Office of the Director, Directorate of Mines & Geology, Government of Goa, for Codli Mineral Block XII, Dharbandora, Goa, in the Auction held on November 12, 2024.

The Company is declared as ‘Preferred Bidder’ with highest final offer price at 92.60% of ‘Value of mineral dispatched’. The projected Iron Ore Resources is 48.5 million tonne in addition to 2.7 million tonne of ore in dumps.

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.