JSW Steel Cancels Jajang Iron Ore Mine Surrender Request

17 Nov 2023 CW Team

The Jajang iron ore mine, spread across an area of 1215 hectares, is a major asset for JSW Steel. It has been in operation since 2012 and has significant reserves of high-quality iron ore. However, due to a decline in demand and logistical challenges, the company had submitted an application to surrender the mining lease.

Upon reviewing the circumstances, JSW Steel's management realized that the Jajang iron ore mine could still play a crucial role in their overall operations. With the market showing signs of a recovery and increased steel demand, retaining control over the mine became a strategic decision.

JSW Steel's decision to withdraw the surrender application is also driven by the fact that the Jajang mine holds great potential for long-term growth. The company plans to focus on increasing production and optimizing operations at the mine to meet the future demand.

This move by JSW Steel reflects the company's commitment to sustainability and responsible mining practices. By continuing their operations at the Jajang iron ore mine, they aim to contribute to the economic growth of the local community and create job opportunities.

The withdrawal of the surrender application also brings relief to the workforce employed at the mine. The decision ensures job security and opens up avenues for career growth.

Furthermore, retaining control over the Jajang iron ore mine will provide JSW Steel with a competitive advantage in the market. The company will be able to secure a stable supply of high-quality iron ore, supporting their steel production operations.

By canceling the surrender application, JSW Steel showcases their confidence in the iron ore market's potential and their determination to optimize their resource utilization. They are actively exploring various measures to enhance operational efficiencies, reduce costs, and increase productivity at the Jajang mine.

In conclusion, JSW Steel's withdrawal of the surrender application for the Jajang iron ore mine reflects their positive outlook on the industry's future. This strategic decision aligns with their long-term growth plans and reassures the local workforce. The company remains committed to responsible mining practices and aims to drive sustainable development in the region.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

JSW Steel, one of India's leading steel producers, has withdrawn its application to surrender the Jajang iron ore mine located in the Sundargarh district of Odisha. The decision comes after careful reconsideration of the potential benefits and long-term viability of mining operations at the site. The Jajang iron ore mine, spread across an area of 1215 hectares, is a major asset for JSW Steel. It has been in operation since 2012 and has significant reserves of high-quality iron ore. However, due to a decline in demand and logistical challenges, the company had submitted an application to surrender the mining lease. Upon reviewing the circumstances, JSW Steel's management realized that the Jajang iron ore mine could still play a crucial role in their overall operations. With the market showing signs of a recovery and increased steel demand, retaining control over the mine became a strategic decision. JSW Steel's decision to withdraw the surrender application is also driven by the fact that the Jajang mine holds great potential for long-term growth. The company plans to focus on increasing production and optimizing operations at the mine to meet the future demand. This move by JSW Steel reflects the company's commitment to sustainability and responsible mining practices. By continuing their operations at the Jajang iron ore mine, they aim to contribute to the economic growth of the local community and create job opportunities. The withdrawal of the surrender application also brings relief to the workforce employed at the mine. The decision ensures job security and opens up avenues for career growth. Furthermore, retaining control over the Jajang iron ore mine will provide JSW Steel with a competitive advantage in the market. The company will be able to secure a stable supply of high-quality iron ore, supporting their steel production operations. By canceling the surrender application, JSW Steel showcases their confidence in the iron ore market's potential and their determination to optimize their resource utilization. They are actively exploring various measures to enhance operational efficiencies, reduce costs, and increase productivity at the Jajang mine. In conclusion, JSW Steel's withdrawal of the surrender application for the Jajang iron ore mine reflects their positive outlook on the industry's future. This strategic decision aligns with their long-term growth plans and reassures the local workforce. The company remains committed to responsible mining practices and aims to drive sustainable development in the region.

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

Infrastructure Transport

05 Sep 2025

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Infrastructure Transport

05 Sep 2025

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..