Business Update8 May 2026, 08:51 pm
JSW Steel: Preferred Bidder for Goa Mineral Block XV
AI Summary
JSW Steel Ltd has been declared the 'Preferred Bidder' for Pissurlem Mineral Block No. XV in Goa, following an auction held on May 07, 2026. The final offer price was 118.10% of the 'Value of mineral dispatched'. The projected Iron Ore Resources for the block are 96 million tonnes. JSW Steel will now proceed with the necessary steps to obtain the Letter of Intent and statutory clearances.
Key Highlights
- JSW Steel declared preferred bidder for Pissurlem Mineral Block No. XV in Goa.
- Final offer price at 118.10% of 'Value of mineral dispatched'.
- Projected Iron Ore Resources estimated at 96 million tonnes.
- Company to obtain Letter of Intent and necessary statutory clearances.