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 won with the highest final offer price at 118.10% of the 'Value of mineral dispatched'. The block holds projected iron ore resources of 96 million tonnes. JSW Steel will now pursue the Letter of Intent and necessary statutory clearances as per the tender requirements. This acquisition secures a significant raw material source for the company's steel manufacturing operations.
This acquisition strengthens JSW Steel's vertical integration by securing domestic iron ore resources, which could reduce raw material costs and supply chain risks over the long term. The 96 million tonnes resource base represents a meaningful addition to the company's mining portfolio.