JSW Steel Preferred Bidder For Three Iron Ore Mines In Odisha
Trucks are loaded with iron ore at an iron ore mine in Kheonjar, Odisha, India. (Photographer: Adam Ferguson/Bloomberg News)

JSW Steel Preferred Bidder For Three Iron Ore Mines In Odisha

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JSW Steel Ltd. on Monday said it has emerged as preferred bidder for three iron ore mines in Odisha with estimated reserves of 1,092 million tonnes.

These three mines are Nuagaon, Narayanposhi and Ganua, it said in an exchangefiling.

"The Company has been declared as the 'Preferred Bidder' vide communication ... received from the Director of Mines, Odisha for three iron ore mines (Nuagaon Iron Ore Mine, Narayanposhi Iron & Manganese Ore Mine, Ganua Iron Ore Mine) in the state of Odisha," the company said. The auctions were held between Jan. 31 and Feb. 4.

Also read: What Bhushan Power & Steel’s Acquisition Will Mean For JSW Steel

"The estimated iron ore resources of the aforesaid mines are around 1091.835 MT," it said. The company added that it will take all requisite steps as per the tender document to obtain the Letter of Intent, all statutory clearances, execute Mine Development and Production Agreement and start mining operations

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