JSW Steel has notified its decision to surrender the Jajang iron ore block lease in Odisha, citing “uneconomic operation.” The lease, acquired through an auction in 2020, is one of four mining leases the company holds. The notice was submitted on August 3 and is pending necessary approvals. This move reflects JSW Steel’s response to operational cost challenges. For investors, this decision might impact JSW Steel’s iron ore supply and financials, potentially influencing stock performance and future mining strategies.
