In its statement, the company said that following the auction process held on May 7, 2026, it received an official notification from the Directorate of Mines and Geology of the Government of Goa confirming its selection. The development was disclosed to stock exchanges in accordance with Securities and Exchange Board of India (SEBI) regulations.
JSW Steel won the block with the highest final offer of 118.10% of the value of the dispatched mineral during the competitive bidding process.
The mining block, estimated to contain approximately 96 million tons of iron ore reserves, is expected to strengthen the company’s upstream raw material portfolio.
The company stated that it will proceed with obtaining the Letter of Intent (LoI) and completing all necessary legal and environmental approvals before commencing mining operations.
The investment is considered one of JSW Steel’s strategic steps to support long-term raw material security and mining integration in India.
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