India’s JSW Steel seeks to surrender iron ore mine in Odisha

Monday, 05 August 2024 14:57:12 (GMT+3)   |   Kolkata

India’s JSW Steel Limited has given notice seeking to surrender the Jajang iron ore block in Odisha, according to a regulatory filing on Monday, August 5.

The company had acquired the iron ore block in 2020 through competitive bidding at a government-held auction of iron ore mines.

The company said in the notice that it is seeking to surrender the iron ore mine owing to uneconomic operations.

The proposal to surrender the asset is subject to requisition sanctions from the government authorities, JSW Steel said in the filing.

AjoyDas
Ajoy Das
Editor

I graduated from the University of Kolkata with a degree in economics and have three decades of experience in reporting for leading print media publications, covering key manufacturing industries like iron and steel, energy (fossil and renewable), chemicals and petrochemicals and mining sectors (coal, bauxite, iron ore and copper). I work as a correspondent for SteelOrbis reporting on the Indian steel industry covering pricing and trade trends across the value chain, capacity creations and utilizations, corporate developments, government policy frameworks and industry related news.

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