‹ All Posts
Gaurav Narendra Puri

23rd Aug 2025 · SEBI-Registered Analyst

JSW Steel receives a demand notice for ₹1,473 crore.

JSWSTEEL
Rule 12A(2) of the Mineral (Other than Atomic & Hydrocarbon Energy Minerals) Concession Rules, 2016 stipulates that the shortfall in despatch against the minimum dispatch requirement must be paid within 15 days after the notice, which was dated August 21, 2025. The demand is valid from June 27, 2024, to June 26, 2025, which is the whole fifth year of the lease. On August 3, 2024, JSW Steel previously announced that it had given up the Jajang iron ore block because of unprofitable operations. In accordance with the Indian Bureau of Mines' approved Final Mine Closure Plan, mining operations at the block halted in December 2024.

#FundamentalViews#TechnicalViews#IndexStrategies#StockInNews#WatchOutFor
705 likes·38 comments