JSW Steel has filed a notice to relinquish its mining lease for the Jajang iron ore block in Odisha, citing “uneconomic operation.”
The Jajang block, located in Keonjhar, was one of four iron ore mining leases acquired through an auction in 2020. JSW Steel announced in a regulatory filing on Saturday that it submitted the notice on August 3.
The surrender of the mining lease will be finalized pending the necessary approvals, the company added.
