JSW Steel declared preferred bidder for Codli Mineral Block XII in Goa
Steel

JSW Steel declared preferred bidder for Codli Mineral Block XII in Goa

JSW Steel has been declared the preferred bidder for the Codli Mineral Block XII located at Dharbandora in Goa, according to an announcement made by the company. The Directorate of Mines & Geology, Government of Goa, communicated this decision to JSW Steel, marking a significant step in the company’s expansion plans in the region.

JSW Steel’s bid, which included the highest final offer price at 92.60% of the value of mineral dispatched, was selected over other contenders. The mineral block is expected to contain iron ore resources estimated at 48.5 million tonnes, in addition to 2.7 million tonnes of ore already stockpiled in dumps.

The company has stated that it will now begin the process of obtaining the necessary statutory clearances and the Letter of Intent from the government, which will allow them to execute the lease deed and commence mining operations.

In a separate development, JSW Steel’s Italian arm, JSW Steel Italy Srl, has entered into a commercial agreement with Metinvest Adria S.p.A., under which Metinvest will pay a release fee of Euro 30 million. This agreement is part of JSW Steel's broader strategy to expand its global operations and enhance its portfolio of mining and steel production assets.

JSW Steel has been declared the preferred bidder for the Codli Mineral Block XII located at Dharbandora in Goa, according to an announcement made by the company. The Directorate of Mines & Geology, Government of Goa, communicated this decision to JSW Steel, marking a significant step in the company’s expansion plans in the region. JSW Steel’s bid, which included the highest final offer price at 92.60% of the value of mineral dispatched, was selected over other contenders. The mineral block is expected to contain iron ore resources estimated at 48.5 million tonnes, in addition to 2.7 million tonnes of ore already stockpiled in dumps. The company has stated that it will now begin the process of obtaining the necessary statutory clearances and the Letter of Intent from the government, which will allow them to execute the lease deed and commence mining operations. In a separate development, JSW Steel’s Italian arm, JSW Steel Italy Srl, has entered into a commercial agreement with Metinvest Adria S.p.A., under which Metinvest will pay a release fee of Euro 30 million. This agreement is part of JSW Steel's broader strategy to expand its global operations and enhance its portfolio of mining and steel production assets.

Next Story
Real Estate

Mahindra Lifespaces Bags Rs 12.5 billion Redevelopment in Mulund

Mahindra Lifespace Developers (MLDL), the real estate and infrastructure development arm of the Mahindra Group, has been appointed as the preferred developer for the redevelopment of a premium housing society in Mulund (West), Mumbai. The project will be developed across a 3.08-acre land parcel, with an estimated development value of approximately Rs 12.5 billion. Strategically located, the site enjoys proximity to major connectivity points—just 1.4 km from the upcoming Mumbai Metro Line 5 and 0.8 km from the Goregaon-Mulund Link Road. It also offers seamless access to the Eastern Expre..

Next Story
Infrastructure Urban

Snowman Adds Warehouses in Kolkata and Krishnapatnam

Snowman Logistics, India’s leading integrated temperature-controlled logistics company, has announced the commencement of operations at its two new state-of-the-art, owned cold storage facilities in Kolkata and Krishnapatnam. With these additions, the company’s total pallet capacity has reached 1,50,754, spanning 43 warehouses in 20 cities across the country. The newly operational Kolkata facility offers a storage capacity of 5,630 pallets, while the Krishnapatnam facility holds 3,927 pallets. These warehouses are equipped with advanced automation and infrastructure designed to enhanc..

Next Story
Resources

Noesis Enables IHCL Hotel Deal in Udupi–Manipal Corridor

NOESIS Capital Advisors, India’s leading hotel investment advisory firm, has successfully facilitated a landmark hospitality transaction in the Udupi–Manipal region of Karnataka. The deal involves the acquisition of a nearly completed, 130-key upscale hotel that will operate under one of the premium brands of IHCL, reinforcing NOESIS’ position as a preferred partner for strategic hospitality transactions across India. Strategically located on the Udupi–Manipal Highway, the 1.03-acre property will cater to business travellers, pilgrims and families visiting Manipal University. With..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?