JSW Steel is planning to participate in the upcoming auction of iron ore mines in Karnataka and other states.
The company is working to enhance its raw material self-sufficiency. To achieve this, it continues to explore opportunities within and outside India. The new Mines and Minerals (Development & Regulation) Amendment Act has called for a level playing field for the industry players and transparent allocation process of raw material through competitive bidding. The company intends to participate in the forthcoming auctions of C-category iron ore mines in Karnataka.