JSW Steel’s arm emerges as successful bidder for coal block in Chattisgarh
The highest final offer by the company to become a ‘Successful Bidder’ was 31.50% of the average monthly Coal prices published by MoC as NCI
JSW Steel’s wholly owned subsidiary -- Mivaan Steels has been declared as a ‘Successful Bidder’ on August 18, 2025 by Ministry of Coal (MoC), Govt. of India, for an auction of a Coal Block, Rajgamar Dipside (South of Phulakdih Nala) in the State of Chattisgarh, held on July 30, 2025.
The highest final offer by the Company to become a ‘Successful Bidder’ was 31.50% of the average monthly Coal prices published by MoC as National Coal Index (NCI). The company will take all requisite steps as per the tender document to obtain Letter of Intent, all statutory clearances, execute Coal Mine Development and Production Agreement (CMDPA) and start the mining operations.
JSW Steel is one of the largest steel manufacturing companies in India having units in Karnataka and Maharashtra producing crude steel, long steel and flat steel products.
