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 named the preferred bidder for the Codli Mineral Block XII in Dharbandora, Goa. The announcement came from the Directorate of Mines & Geology, Government of Goa, confirming JSW Steel's winning bid with the highest final offer price at 92.60% of the value of mineral dispatched.

The projected iron ore resources for the block stand at 48.5 million tonnes, with an additional 2.7 million tonnes in dumps. JSW Steel plans to move forward with obtaining the Letter of Intent (LoI) and the necessary statutory clearances to sign the Mine Development and Production Agreement (MDPA) and initiate mining operations.

In a separate development, JSW Steel's Italian subsidiary, JSW Steel Italy Srl, signed a commercial agreement with Metinvest Adria S.p.A. for a transaction that includes a release fee of Euro 30 million.

JSW Steel has been named the preferred bidder for the Codli Mineral Block XII in Dharbandora, Goa. The announcement came from the Directorate of Mines & Geology, Government of Goa, confirming JSW Steel's winning bid with the highest final offer price at 92.60% of the value of mineral dispatched. The projected iron ore resources for the block stand at 48.5 million tonnes, with an additional 2.7 million tonnes in dumps. JSW Steel plans to move forward with obtaining the Letter of Intent (LoI) and the necessary statutory clearances to sign the Mine Development and Production Agreement (MDPA) and initiate mining operations. In a separate development, JSW Steel's Italian subsidiary, JSW Steel Italy Srl, signed a commercial agreement with Metinvest Adria S.p.A. for a transaction that includes a release fee of Euro 30 million.

Next Story
Infrastructure Transport

BMC Gets CRZ Nod For Rs 40 Million Gorai Bridge Rebuild

The Brihanmumbai Municipal Corporation (BMC) has secured Coastal Regulation Zone (CRZ) clearance for the reconstruction of the Poisar River bridge in Gorai, located in Mumbai’s western suburbs. However, the proposed demolition of the existing 100-metre bridge has sparked opposition from local residents, who claim it serves as the only direct access route between the Lower and Upper Koliwada areas. The three-decade-old bridge, situated within the CRZ buffer zone, was recently declared structurally unsafe following a civic audit. The BMC has sanctioned its reconstruction at an estimated cost ..

Next Story
Infrastructure Transport

NHAI Completes Rs 15.9 Billion Four-Lane Stretch On ECR

The National Highways Authority of India (NHAI) has completed the four-laning of the 38 km Puducherry–Poondiyankuppam stretch, ending near Cuddalore, in a development that will cut travel time by up to two hours, according to a report by The New Indian Express. The upgraded section, built at a cost of Rs 15.9 billion under the Bharatmala Pariyojana Phase I, marks a major milestone in the ongoing East Coast Road (ECR) widening programme. The project promises a smoother, faster drive for motorists travelling towards Cuddalore, Chidambaram, Sirkazhi, and Nagapattinam. With this completion, 22..

Next Story
Infrastructure Transport

Encroachments Delay Rs 1 Billion Ghatkopar Bridge Project

The construction of a new cable-stayed rail overbridge at Ghatkopar and the widening of the Andheri–Ghatkopar Link Road (AGLR) have been delayed due to the presence of nearly 250 encroached structures on both sides of the road. In response, Municipal Commissioner Bhushan Gagrani has directed officials to carry out a structural audit of the existing bridge over the railway line and enforce temporary restrictions on heavy vehicles to ensure public safety. The bridge, which starts at the Golibar Road junction near LBS Marg and extends up to the Eastern Express Highway (EEH), serves as a critic..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?