JSW Steel Limited receives demand notice from Govt. of Odisha for matter related to Jajang Iron Ore Block

JSW Steel Limited had earlier announced regarding surrender of Jajang Iron Ore Block located in the District of Keonjhar, Odisha by the Company due to un-economic operations.

Pursuant to the above, the mining operation of the aforesaid Iron Ore Block was ceased with effect from December 2024 as per the Final Mine Closure Plan approved by Indian Bureau of Mines. The Govt. of Odisha has now issued a demand notice dated August 21, 2025 for payment of Rs. 1472,69,47,420/- as mining dues within 15 days of receipt of the said notice towards shortfall in despatch vis-a-vis minimum despatch requirement under rule 12 A(2) of Mineral (other than Atomic & Hydrocarbon Energy Minerals) Concession Rules, 2016 for the entire period of 5th year of lease ( from 27.06.2024 to 26.06.2025).

The Company firmly believes that due legal process has been followed on the subject matter and will take appropriate legal remedies available to it under law in respect of the said demand notice in consultation with its legal advisors.

Shares of JSW Steel Limited was last trading in BSE at Rs. 1053.95 as compared to the previous close of Rs. 1072.20. The total number of shares traded during the day was 27391 in over 1885 trades.

The stock hit an intraday high of Rs. 1070.65 and intraday low of 1051.55. The net turnover during the day was Rs. 28952050.00.

Source : Equity Bulls

Keywords

JSWSteel INE019A01038 GovernmentofOdisha DemandNotice Jajang IronOreBlock