On June 13, JSW Steel’s share price increased nearly 2% in the early trade as the company was acknowledged as the preferred bidder for iron ore in two blocks in Goa.

Two blocks include VI- Cudnem-Cormolem Mineral Block and IX-Surla-Sonshi Mineral Block in North Goa, with predictable iron ore resources of 9.77 MMT and 65.73 MMT.

The company offered 96.65% of the worth of minerals posted for the Block VI- CudnemCormolem Mineral Block and 109.80% of the mineral value dispatched for the Block IX-Surla-Sonshi Mineral Block.

At 9:40 am, JSW Steel was trading at Rs 756.30, up Rs 9.45, or 1.27%, on the BSE. The share moved a 52-week high of Rs 783.35 on January 2, 2023, and a 52-week low of Rs 536.30 on June 20, 2022. It was trading 3.45% below its 52-week high and 41.02% above its 52-week low.