India’s Leading Steelmaker Emerges Preferred Bidder for Goa Iron Ore Block

On Friday, shares of JSW Steel Ltd closed 0.50 per cent lower at Rs 1,277 per share, compared to its previous closing price of Rs 1,283.40 per share. During the session, the stock touched an Intraday high of Rs 1,284.90, rising about 0.12 per cent from the previous close. The stock’s 52-week high is Rs 1,306.80 per share and its 52-week low is Rs 935 per share.

JSW Steel Ltd has informed the exchanges that the company has been declared as the “Preferred Bidder” for the Pissurlem Mineral Block No. XV in Goa. The development was disclosed through an exchange filing dated May 8, 2026.

The company received communication dated May 7, 2026, from the Office of the Director, Directorate of Mines and Geology, Government of Goa, regarding the auction conducted on May 7, 2026.

According to the filing, the company emerged as the preferred bidder with the highest final offer price at 118.10 per cent of the value of mineral dispatched. The projected iron ore resources of the block are estimated at 96 million tonnes.

The company stated that it will undertake all necessary steps as per the tender document to obtain the Letter of Intent and required statutory clearances for the mining block.

The disclosure was made under Regulation 30(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Manoj Prasad Singh, Company Secretary (in the interim capacity) of the company.

The company has a market cap of over Rs 3,12,284.47 crore. The stock price has surged over 33.97 per cent in the last 1 year.

The stock has also delivered returns of about 36.58 per cent from its 52-week low of Rs 935 per share.

Disclaimer: The article is for informational purposes only and not investment advice.

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