The company stated that its Indian operations produced 23.32 Lakh tonnes, up by 13% year-on-year against 20.59 Lakh tonnes.
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The mineral block contains anticipated iron ore deposits of 48.5 Million tonnes, as well as 2.7 Million tonnes of ore in dumps.
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Higher input costs and operational issues have hurt the company's bottom line, resulting in a profit reduction despite good revenue figures.
In February 2024, JFE Steel and JSW incorporated JSW JFE Electrical Steel Private Limited, a joint venture for GOES production.
The acquisition accelerates JSW and JFE's market entry, enabling a seamless system from manufacturing to sales of GOES in India.
The remaining 70% of Golden M is owned by Golden Investments (Australia) III Pte Ltd, a subsidiary of Golden Energy and Resources Pte Ltd.c
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JSW Steel shares has witnessed a 5.22% gain in the last one year, and 2.52% dip since the beginning of the year.
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