Declaration as a Preferred Bidder for Pissurlem Mineral Block No. XV in the State of Goa.

Business Updates View source PDF Explain this filing

JSWSTEEL · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.4%Reaction day

₹1277.00

prior close

₹1276.00

announcement price

After-mkt

timing

Nifty 100market · index membership as recorded later (tracked since Jun 2026)-1.5%+0.1% vs market

Iron & Steel peers, median of 10sector-1.4%-0.0% vs sector

On the reaction day the stock moved 0.1 pts more than Nifty 100 and in line with its Iron & Steel peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.3

10m

-0.3

15m

-0.2

30m

-0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.4-1.5+0.1-1.4-0.0

Next day

-1.9-3.4+1.5-4.2+2.2

-0.0-3.2+3.2-1.7+1.7

+1.7-2.0+3.7-0.3+2.0

+0.2-2.4+2.5-1.3+1.5

+0.9-2.5+3.5-1.7+2.7

+0.1-2.3+2.4-1.7+1.8

15d

+2.9-2.7+5.5-3.0+5.8

+0.2-4.2+4.5-10.0+10.2

-3.2+0.3-3.5-11.2+8.0

+0.0+1.8-1.8-9.6+9.6

UpDownMarket · Nifty 100Sector · Iron & Steel peers, median of 10Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

JSW Steel has been declared the 'Preferred Bidder' for Pissurlem Mineral Block No. XV in Goa following an auction held on May 7, 2026. The company submitted the highest final offer price at 118.10% of the 'Value of mineral dispatched'. The block contains projected Iron Ore Resources of 96 million tonnes. JSW Steel will now proceed to obtain the Letter of Intent and necessary statutory clearances as per the tender requirements.

Likely market impact

This acquisition secures a significant iron ore resource base for JSW Steel, potentially strengthening raw material supply for its steel operations. The successful bid at a premium rate indicates strong confidence in the asset's value, though it may involve substantial future capital expenditure.