JSW Steel moves up as its 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 is currently trading at Rs. 1085.00, up by 2.40 points or 0.22% from its previous closing of Rs. 1082.60 on the BSE.
The scrip opened at Rs. 1076.80 and has touched a high and low of Rs. 1085.90 and Rs. 1076.80 respectively. So far 22699 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1089.65 on 20-Aug-2025 and a 52 week low of Rs. 879.60 on 13-Jan-2025.
Last one week high and low of the scrip stood at Rs. 1089.65 and Rs. 1048.95 respectively. The current market cap of the company is Rs. 264573.66 crore.
The promoters holding in the company stood at 45.31%, while Institutions and Non-Institutions held 36.86% and 17.84% respectively.
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.
