JSW Steel is Declared as a Successful Bidder for Rajgamar Dipside Coal Block; Share Price in Focus

In a significant development, JSW Steel Limited, through its wholly owned subsidiary Mivaan Steels Limited, has secured the Rajgamar Dipside (South of Phulakdih Nala) coal block in Chhattisgarh. The announcement was made by the Ministry of Coal, Government of India, following an auction held on July 30, 2025. This acquisition strengthens JSW Steel’s access to raw materials, further supporting its steel manufacturing operations.

Winning the Auction

JSW Steel’s wholly owned subsidiary, Mivaan Steels Limited, was officially declared the “Successful Bidder” on August 18, 2025. The company emerged victorious with a final bid of 31.50% of the average monthly coal prices as published by the Ministry of Coal under the National Coal Index (NCI). This bid highlights the company’s strategic commitment to securing critical resources required for its operations.

Next Steps for Development

Following the successful bid, JSW Steel will now proceed to complete the necessary formalities as per the tender requirements. These include obtaining the Letter of Intent, securing statutory clearances, and executing the Coal Mine Development and Production Agreement (CMDPA). The company also plans to initiate mining operations after completing the regulatory processes. Notably, JSW Steel clarified that the disclosure was delayed due to late communication from its subsidiary.

Read More: JSW Steel’s July Crude Steel Output Rises 19% YoY to 26.23 Lakh Tonnes, Capacity Utilisation at 92.5%!

JSW Steel Share Performance 

As of August 21, 2025, at 12:33 PM, JSW Steel share price is trading at ₹1,081.90 per share, reflecting a decline of 0.06% from the previous closing price.

Conclusion

The successful acquisition of the Rajgamar Dipside coal block marks another milestone in JSW Steel’s resource integration strategy. By ensuring a steady coal supply, the company positions itself strongly for future growth and operational efficiency.

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