JSW Steel Wins Big at Goa’s Pissurlem Auction

JSW Steel has been declared the preferred bidder for the Pissurlem Mineral Block No. XV in Goa following a competitive auction conducted by the Directorate of Mines and Geology, Government of Goa, on May 7, 2026.

The company secured the mineral block with a final bid of 118.10 percent of the value of mineral dispatched. The Pissurlem block is considered a strategically important asset, with estimated iron ore resources of around 96 million tonne, strengthening JSW Steel’s long-term raw material security and supply chain integration for its domestic steel operations.

Following its selection as the preferred bidder, the company will proceed with the formalities specified under the tender process, including obtaining the Letter of Intent (LoI) and securing all necessary statutory, regulatory, and environmental clearances required to commence mining activities.

The acquisition aligns with JSW Steel’s broader expansion strategy focused on securing critical mineral resources within India to support its growing production capacity and enhance operational sustainability.

News by Rahul Yelligetti.