JSW Steel Declared Successful Bidder for Rajgamar Dipside Coal Block in Chhattisgarh

Mumbai, August 21, 2025 – JSW Steel Limited (NSE: JSWSTEEL; BSE: 500228) announced that its wholly owned subsidiary, Mivaan Steels Limited, has been declared the Successful Bidder for the Rajgamar Dipside (South of Phulakdih Nala) Coal Block in Chhattisgarh. The Ministry of Coal (MoC), Government of India, confirmed the result on August 18, 2025, following an auction conducted on July 30, 2025. As part of its winning offer, JSW Steel committed to share 31.50% of the average monthly coal prices, as published under the National Coal Index (NCI), with the government. The company stated that it will now initiate the next steps, including obtaining a Letter of Intent, securing statutory clearances, and executing the Coal Mine Development and Production Agreement (CMDPA), before commencing mining operations. JSW Steel clarified that the disclosure was slightly delayed due to late communication from its subsidiary. Strategic Importance The acquisition of the Rajgamar Dipside coal block strengthens JSW Steel’s raw material security strategy. Ensuring captive coal supply is expected to support its long-term steelmaking operations, enhance cost efficiency, and mitigate supply risks in a volatile commodity environment. Disclaimer: This report is based on an official stock exchange filing by JSW Steel Limited. It is provided for informational purposes only and does not constitute investment advice.