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