India’s JSW Steel Limited has successfully bid for an unexplored iron ore block at auctions conducted by the western state of Maharashtra, a company regulatory filing said on Thursday, May 18.
“The company has been declared as a preferred bidder according to a communication dated May 15, 2023, received from the Directorate of Geology and Mining, Maharashtra, on May 16, 2023, for the composite licence of an unexplored iron ore mine (Surjagad 4 iron ore block in Gadchiroli district) in Maharashtra, in the auctions held by the state government on May 12, 2023,” it said.
“The company will take all requisite steps as per the tender document to obtain a letter of intent, all statutory clearances to execute the lease deed with a mine development and production agreement (MDPA), and start the mining operations,” the company said in the filing.
