JSW STEEL BECOMES THE PREFERRED BIDDER FOR GOA'S IRON ORE MINE

has been declared as the preferred bidder for Pissurlem Mineral Block No. XV in Goa. This mineral block has an estimated iron ore reserves of 96 million tons and is expected to strengthen the company's upstream raw material portfolio. This investment is considered one of 's strategic steps to support long term raw material security and mining integration in India. Having a market cap of Rs 3,09,521 crore, the company in one of India's largest manufacturer of iron and steel products. It has seen strong profit growths and has been maintaining a healthy dividend payout of 25%. The stock price has gained 25% in the last one year, and with continous expansion on the cards, the company's stock price is expected to surge in the coming quarters.