JSW Steel has been declared the successful bidder in the auction for the Rajgamar Dipside (South of Phulakdih Nala) Coal Block in the State of Chattisgarh. The auction, conducted by the Ministry of Coal (MoC), Govt. of India, took place on July 30, 2025.
The company announced that its wholly-owned subsidiary, Mivaan Steels Limited, was declared the successful bidder on August 18, 2025.
The highest final offer by JSW Steel to become a “Successful Bidder” was 31.50% of the average monthly Coal prices published by MoC as National Coal Index (NCI).
JSW Steel will now take the necessary steps as per the tender document to obtain the Letter of Intent, all statutory clearances, execute the Coal Mine Development and Production Agreement (CMDPA), and commence mining operations, it said.
The company has informed that the delay in disclosure was due to delayed communication to the Company by the Subsidiary Company.
This announcement is in compliance with applicable regulations of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The company has made the disclosure to the National Stock Exchange of India Ltd. and BSE Limited, where its shares are listed. The NSE symbol for JSW Steel is JSWSTEEL, and the company code on BSE is 500228.
Manoj Prasad Singh, Company Secretary (in the interim capacity) of JSW Steel Limited, is the authorized signatory for this announcement.
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