Mivaan Steels Ltd declares successful bidder for Rajgamar Dipside coal block

Mivaan Steels Limited, a wholly owned subsidiary of JSW Steel Limited, has been declared as a "Successful Bidder" on August 18, 2025 by Ministry of Coal (MoC), Govt. of India, for an auction of a Coal Block, Rajgamar Dipside (South of Phulakdih Nala) in the State of Chattisgarh, held on 30th July 2025.

The highest final offer by the Company to become a "Successful Bidder" was 31.50% of the average monthly Coal prices published by MoC as National Coal Index (NCI).

The Company will take all requisite steps as per the tender document to obtain Letter of Intent, all statutory clearances, execute Coal Mine Development and Production Agreement (CMDPA) and start the mining operations.

Shares of JSW Steel Limited was last trading in BSE at Rs. 1082.60 as compared to the previous close of Rs. 1073.40. The total number of shares traded during the day was 46715 in over 2679 trades.

The stock hit an intraday high of Rs. 1089.65 and intraday low of 1067.85. The net turnover during the day was Rs. 50486322.00.

Source : Equity Bulls

Keywords

JSWSteel INE019A01038 MivaanSteels SuccessfulBidder RajgamarDipside CoalBlock