JSW Steel to surrender Jajang Iron Ore Block

JSW Steel Limited ('the Company') has 4 iron Ore Mining leases in the State of Odisha which were acquired through auction in 2020. Due to un-economic operation, the Company has submitted a notice for surrender of mining lease on 1.9.2023 as per applicable laws in respect of one mine, namely Jajang Iron Ore Block located in the district of Keonjhar, Odisha, out of the aforesaid 4 mines. The proposed surrender of the aforesaid mining lease is subject to approval by the Govt.

Shares of JSW Steel Limited was last trading in BSE at Rs. 806.20 as compared to the previous close of Rs. 779.90. The total number of shares traded during the day was 168055 in over 6073 trades.

The stock hit an intraday high of Rs. 807.45 and intraday low of 778.15. The net turnover during the day was Rs. 134362049.00.

Source : Equity Bulls

Keywords

JSWSteel INE019A01038 Surrender Jajang IronOreBlock