JSW Steel Share Price in Focus; Announces Minas de Revuboè Coking Coal Mining Project in Mozambique

JSW Steel Ltd has announced the Minas de Revuboè (MdR) coking coal mining project in Mozambique. The project is located in the Moatize coal basin in Tete Province. The announcement was made during an event held in Moatize with government officials from Mozambique and representatives of the company present.  

As per a filing dated March 14, 2026, the project relates to the development of a coking coal mine in the region. Coking coal is a raw material used in blast furnace steelmaking and is traded internationally due to limited reserves in several countries.  

Coal Reserves 

The Minas de Revuboè block is estimated to contain around 850 million tonnes of coal reserves. Of this, approximately 250 million tonnes are expected to be recoverable as usable hard coking coal.  

Hard coking coal is used in the production of steel through the blast furnace route. Steel producers often secure long-term supply through imports or overseas mining investments due to limited domestic availability in countries such as India.  

Development Timeline 

JSW Steel plans to develop the mine in phases. In the initial phase, the project is expected to produce about 2.4 million tonnes per annum (mtpa) of prime hard coking coal.  

The first phase of development is expected to take around 2.5 years. Phased development is typically used in mining projects to bring production online gradually while infrastructure and operations are expanded.  

Location and Connectivity 

The MdR project site is located around 10 kilometres north of Tete city in Mozambique. The mine lies about 450 kilometres from Beira Port and roughly 900 kilometres from Nacala Port, both of which are used for coal exports.  

The Moatize basin is one of the main coal mining regions in Mozambique. The area has existing mining activity and transport links that support the movement of coal to ports for export.  

JSW Steel Operations 

JSW Steel is part of the JSW Group and operates steel manufacturing facilities in India and overseas. The company has a consolidated crude steel capacity of 35.7 million tonnes per annum, including 1.5 mtpa in the United States, while domestic capacity stands at 34.2 mtpa.  

The company has outlined plans to increase consolidated capacity to about 43.4 mtpa over the next 3 years. Its Vijayanagar facility in Karnataka has a production capacity of 17.5 mtpa.  

Read More: Bajel Projects Share Price in Focus; Secures ₹700 Crore Order from MSETCL for Pune Substation! 

JSW Steel Share Price Performance  

As of March 13, 2026, 3:30 pm, JSW Steel share price closed at ₹1,120.00, a 4.49% decrease from the previous closing price. 

Conclusion 

The Minas de Revuboè project adds an overseas coal mining asset to JSW Steel’s operations. The development is expected to supply coking coal required for steel production as the company expands capacity. 

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