Page 3 - JSW Steel Ltd News
JSW Steel: Expansion, margin revival drive Motilal Oswal to reiterate 'Buy'
The brokerage believes the stage is set for a strong turnaround in JSW Steel's margins and earnings, aided by both internal efficiencies and macro tailwinds.
 "JSW Steel: Expansion, margin revival drive Motilal Oswal to reiterate 'Buy'")
Jindal Steel bags 50-year mining lease for Roida-I block in Odisha
Jindal Steel on Friday said it has bagged a 50-year mining lease for the Roida-I iron ore and Manganese block located in Keonjhar district of Odisha. The company has secured a letter of intent (LoI) from the Odisha government for the grant of the said mining lease, Jindal Steel said in a statement. Spread across 104.84 hectares, this mineral resource significantly enhances Jindal Steel's raw material security and underscores the company's commitment to integrated and sustainable steel production in India's mineral-rich eastern corridor, the statement added. "This mining lease is a critical enabler for our long-term vision of self-reliant steel production. With the Roida-I block, we are significantly bolstering our iron ore and manganese supply base, which will ensure operational stability, cost efficiency, and support our growth plans," Pankaj Malhan, Executive Director, Jindal Steel, said. The Roida-I Iron Ore and Manganese Block comes with an environmental clearance capacity of 3
 "Jindal Steel bags 50-year mining lease for Roida-I block in Odisha")
Metal shares in demand; Tata Steel, JSW, JSPL, Welspun, SAIL rally up to 4%
At 11:48 AM; Nifty Metal index, top gainer among sectoral indices, was up 1.4 per cent, as compared to 0.2 per cent decline in the Nifty 50.
 "Metal shares in demand; Tata Steel, JSW, JSPL, Welspun, SAIL rally up to 4%")
