JSW Steel Limited has been declared the “preferred bidder” for the Codli Mineral Block XII in Dharbandora, Goa. The announcement follows the company’s participation in a forward auction held on November 12, 2024.
The company achieved the highest final offer price at 92.60% of the “value of mineral dispatched.” The block holds projected iron ore resources of 48.5 million tonnes, with an additional 2.7 million tonnes of ore in dumps.
The declaration was communicated on November 18, 2024, by the Directorate of Mines & Geology, Government of Goa. JSW Steel will proceed with the necessary steps to obtain regulatory clearances, execute the lease agreement, and initiate mining operations.
This development complies with the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
