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
Infrastructure Transport

Odisha to Get Kharagpur-Visakhapatnam Expressway Soon: Minister

A new greenfield highway connecting Kharagpur in West Bengal and Visakhapatnam in Andhra Pradesh, passing through Odisha, is set to be constructed soon. This expressway is poised to become a vital logistics corridor, enhancing high-speed transportation in the region. Works Minister Prithviraj Harichandan shared that preliminary preparations for the project have already commenced. He emphasised that the expressway would play a crucial role in the Gati Shakti Framework of the Central government, describing it as a groundbreaking initiative in road construction for Odisha. Greenfield roads typi..

Next Story
Infrastructure Urban

LTTS wins project to develop smart cities in Colorado USA

Mid-sized Indian IT services company L&T Technology Services (LTTS) announced on Monday a strategic partnership with the Colorado Smart Cities Alliance (CSCA) to develop smart city projects across Colorado by integrating innovation and technology. In a regulatory filing, LTTS stated that the collaboration would utilize its advanced engineering expertise to support CSCA's mission of enhancing urban living and creating sustainable ecosystems through smart city solutions. The partnership aims to develop sustainable, efficient, and technologically advanced communities by pooling resources and exp..

Next Story
Infrastructure Transport

Bengaluru Metro to Expand to 175 km by 2026, Boosting Urban Mobility

Bengaluru’s metro network is set for a major expansion, aiming to extend its total length to 175 km by 2026. This ambitious project is part of the Namma Metro initiative, designed to improve connectivity across the city, alleviate traffic congestion, and promote sustainable urban mobility. The expansion involves constructing new metro corridors, such as the Purple Line and the Outer Ring Road-Airport Line, which will link major city hubs, commercial centres, and residential areas. This development is expected to enhance accessibility for commuters throughout Bengaluru. A key highlight of t..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000