JSW Steel has been declared as a Preferred Bidder vide communication dated 31 March 2022 received from the Directorate of Geology and Mining of Maharashtra for Composite License of an unexplored Ajgaon Iron Ore Block of Sindhudurg District in the State of Maharashtra, in the Auctions held by the State Government of Maharashtra on 30 March 2022. The highest final offer price by the Company to become a Preferred Bidder is 25% of average monthly prices of iron ore of different grades and quality published by Indian Bureau of Mines in the State of Maharashtra from time to time.The Company will take all requisite steps as per the tender document to obtain Letter of Intent, all statutory clearances to execute the Lease Deed with Mine Development and Production Agreement and start the mining operations.
JSW Steel has been declared as a Preferred Bidder vide communication dated 31 March 2022 received from the Directorate of Geology and Mining of Maharashtra for Composite License of an unexplored Ajgaon Iron Ore Block of Sindhudurg District in the State of Maharashtra, in the Auctions held by the State Government of Maharashtra on 30 March 2022. The highest final offer price by the Company to become a Preferred Bidder is 25% of average monthly prices of iron ore of different grades and quality published by Indian Bureau of Mines in the State of Maharashtra from time to time.The Company will take all requisite steps as per the tender document to obtain Letter of Intent, all statutory clearances to execute the Lease Deed with Mine Development and Production Agreement and start the mining operations.