JSW Steel bags Iron Ore mines in Odisha

On 05 February 2020, JSW Steel bagged the largest iron ore block, the Nuagaon mine, in Odisha with estimated reserve of around 118.92 million tonnes. Very recently, the company bagged two mines — Nuagaon and Narayanposhi — with a total reserve of 980 million tonnes.

Meanwhile the Jilling-Langalota iron ore block with an estimated reserve of 72.84 million tonnes in Odisha’s Keonjhar district is in the pipeline for auction. Among the nine technically qualified bidders, Adani Enterprises, Serajuddin & Co, JSW Steel, Rungta’s Feegrade and ESSEL Mining Industries have emerged as the top contenders.

Author: BNO Correspondent