JSW Steel to not invest in Banai & Bhalumuda Coal Block after winning bid

JSW Steel has decided to withdraw its investment from the Banai & Bhalumuda Coal Block in Chhattisgarh. The company, which won the bid for the mine in March 2023, cited techno-commercial viability concerns as the reason for its decision. The Ministry of Coal terminated the deal on Thursday. The coal block was expected to produce over 1.
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