JSW Steel jumps on getting declared as Preferred Bidderin auctions for Iron Ore Mineral in Goa
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JSW Steel is currently trading at Rs. 772.75, up by 15.75 points or 2.08% from its previous closing of Rs. 757.00 on the BSE.
The scrip opened at Rs. 760.05 and has touched a high and low of Rs. 778.95 and Rs. 759.15 respectively. So far 177547 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 783.35 on 02-Jan-2023 and a 52 week low of Rs. 536.30 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 778.95 and Rs. 729.00 respectively. The current market cap of the company is Rs. 186609.42 crore.
The promoters holding in the company stood at 45.40%, while Institutions and Non-Institutions held 36.00% and 18.60% respectively.
JSW Steel has been declared as a ‘Preferred Bidder’ vide communication dated June 9, 2023 received from the Directorate of Mines and Geology, Goa, for grant of Mining Lease for Iron Ore Mineral in the State of Goa, in the Auctions held by the State Government of Goa.
The company will take all requisite steps as per the tender document to obtain Letter of Intent, all statutory clearances to execute the Lease Deed with Mine Development and Production Agreement (MDPA) 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.
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