JSW Steel Subsidiary Declared 'Successful Bidder' in Rajgamar Dipside Coal Block Auction

JSW Steel Ltd. has announced that its wholly owned subsidiary, Mivaan Steels Limited, has been declared as a ‘Successful Bidder’ by the Ministry of Coal (MoC), Govt. of India, in the auction of the Rajgamar Dipside (South of Phulakdih Nala) Coal Block in the State of Chattisgarh. The auction was held on 30% July 2025 and the highest final offer by the Company was 31.50% of the average monthly Coal prices published by MoC as National Coal Index (NCI). The Company will take necessary steps to obtain Letter of Intent, statutory clearances, execute Coal Mine Development and Production Agreement (CMDPA) and start the mining operations. The delay in disclosure is due to delayed communication from the subsidiary company.