JSW Steel Limited announced that its wholly owned subsidiary, Mivaan Steels Limited, has been declared the Successful Bidder for a coal block in Chhattisgarh. The Ministry of Coal (MoC), Government of India, confirmed the development on August 18, 2025, following the auction process held on July 30, 2025.
The coal block, Rajgamar Dipside (South of Phulakdih Nala), was secured after Mivaan Steels placed the highest final offer of 31.50% of the average monthly coal prices, based on the National Coal Index (NCI) published by the MoC.
JSW Steel stated that its subsidiary will now proceed with the next steps as per the tender requirements, which include obtaining the Letter of Intent (LoI), securing all statutory clearances, and executing the Coal Mine Development and Production Agreement (CMDPA) before starting mining operations.
The company also clarified that the delay in disclosure was due to delayed communication from its subsidiary, and emphasized that the disclosure complies with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
