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JSW Steel Bags Ganua Iron Ore Block in Sundargarh

Steel News - Published on Thu, 06 Feb 2020

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JSW Steel has emerged as the highest bidder for Ganua iron ore block in Sundargarh district of Odisha with 118.92 million tonne reserves by committing to pay 132 per cent of sale value of the ore to the state government beating its competitors KJS Ahluwalia, Rungta Mines Ltd, Shyam Steel Industries Ltd and Amalgam Steel & Power Ltd.

JSW Steel has previously won the largest iron ore block, the Nuagaon mine, with estimated reserve of around 790 million tonnes after winning Narayanposhi iron block with 190 million tonnes reserves. With bagging of Ganua mine, JSW Steel now has an assured linkage of over 1.1 billion tonne iron ore reserves in Odisha to meet its future needs in the state and elsewhere.

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Posted By : Rabi Wangkhem on Thu, 06 Feb 2020
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