JSW Steel Share Price in Focus on Apr 1; Secures Dugda Coal Washery Bid for 2 MTPA Coking Coal Supply

JSW Steel Ltd has reaffirmed its commitment to securing raw material supply and optimizing costs by focusing on domestic coking coal production. 

As part of this strategy, the company is commissioning three coking coal mines in India to reduce reliance on expensive imported coal. 

To strengthen its position further, JSW Steel participated in the bid process initiated by Bharat Coking Coal Limited (BCCL), a subsidiary of Coal India Limited, for the appointment of a Washery Developer & Operator at Dugda Coal Washery in Bokaro, Jharkhand.

Successful Bid for Dugda Coal Washery

On March 28, 2025, BCCL issued a Letter of Intent (LoI) to JSW Steel, officially recognising the company as the “Successful Bidder” for operating the Dugda Coal Washery. The facility has a processing capacity of 2 million tonnes per annum (MTPA) of raw coking coal. 

This strategic move will provide JSW Steel with a secured supply of 2 MTPA raw coking coal at a premium of 2.35% over BCCL’s notified price. Additionally, JSW Energy (Utkal) Limited, a consortium partner, will utilise the byproducts from the Washery at market-linked prices.

About JSW Steel Ltd

JSW Steel is primarily involved in the manufacturing and sale of iron and steel products. It serves as the flagship company of the diversified JSW Group, which is involved in other sectors such as energy, infrastructure, cement, paints, sports, and venture capital.

On April 1, 2025, JSW Steel share price opened at ₹1,063.00, almost the same as its previous close of ₹1,063.20. At 9:57 AM, the share price of JSW Steel was trading at ₹1,066.95, up by 0.35% on the NSE.

Conclusion

This initiative aligns with JSW Steel’s long-term vision of reducing dependency on imports, ensuring cost-efficient production, and securing a steady supply of raw materials. 

By acquiring and developing domestic mining and washery assets, the company aims to strengthen its operational efficiency and maintain its competitive edge in the steel industry.

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