JSW Steel crude steel production up 7% YoY in May

JSW Steel reported consolidated Crude Steel production for the month of May 2023 at 21.78 Lakh tonnes, a growth of 7% YoY. The Company achieved combined production of 22.30 Lakh tonnes, which grew by 8% YoY.

Further, the company has been declared as a “Preferred Bidder” vide communication dated June 9, 2023, and has received from the Directorate of Mines and Geology, Goa, a grant of Mining Lease for Iron Ore Mineral in the State of Goa, in the Auctions held by the State Govt. of Goa.

The Company will take all requisite steps as per the tender document to obtain the Letter of Intent, and all statutory clearances to execute the Lease Deed with Mine Development and Production Agreement (MDPA) and start the mining operations.

Source: Media reports