JSW Steel emerges 'preferred bidder' of mining lease

16 Jun 2023 CW Team

In two blocks in Goa, JSW Steel has been the "preferred bidder" for the mining lease, according to a regulatory filing the steel manufacturer with headquarters in Mumbai made on June 12. ISW Steel informed the stock exchanges, "The business has been declared as a 'preferred bidder' pursuant to communication dated June 9, 2023, received from the Directorate of Mines and Geology, Goa. The state government organised the auctions.

The iron ore deposits of the two blocks, Block VI- CudnemCormolem Mineral Block and Block IX-Surla-Sonshi Mineral Block, are estimated to be 9.77 million metric tonnes (MIMT) and 65.73 MMT, respectively, and are in the North Goa districts.

According to the exchange filing, JSW Steel offered the highest final price for Block VI at 96.65 percent of the value of the minerals despatched, making it the preferred bidder. According to the petition, it was 109.80 percent for Block IX.

Infrastructure Transport

07 Apr 2026

Tunnelling Begins for Thane, Borivali twin tunnel project

Tunnelling work has commenced for the 11.84-km Thane–Borivali Twin Tunnel, set to be India’s longest urban road tunnel, marking a key milestone in Mumbai’s infrastructure development.As per a post shared by Mumbai Metropolitan Region Development Authority on social media platform X, the tunnel boring machine (TBM) ‘Nayak’—the country’s largest single-shield hard rock TBM for an urban tunnel—was launched by Devendra Fadnavis on Tuesday. The event was attended by Eknath Shinde and Sunetra Pawar, among other dignitaries. A second TBM, ‘Arjuna’, is expected to be launched so..

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..

Government Cancels Auction Of Eleven Critical Mineral Blocks

The government has cancelled the auction of 11 critical and strategic mineral blocks after receiving a poor investor response and failing to attract a sufficient number of qualified bidders. The decision represents a setback to plans to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions and rising demand for materials used in clean energy and advanced technologies. The mines ministry issued an annulment notice setting out the reasons for the cancellations. The annulment notice indicated that the auction process for five mineral blocks was canc..