Gå ubegrenset med Magzter GOLD
Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare
Prøve GULL - Gratis
Steel giants turn cautious in bids for iron ore mines
Mint Chennai
|September 30, 2025
Aggressive bid premiums, remote locations of mines cloud acquisitions
Top steelmakers Tata Steel and JSW Steel want to have a cost-effective strategy.
(BLOOMBERG)
India’s biggest steelmakers have tamped down their bids for iron ore mines over the past two years as aggressive bid premiums and the remote location of some of the recently auctioned assets clouded the benefits of acquiring them.
Of the 24 mines auctioned since the beginning of 2024, only four were acquired by large integrated steel companies, according to Mint’s analysis of data from Big Mint, a market intelligence firm.
ArcelorMittal Nippon Steel (AMNS) India successfully bid for two iron ore blocks in Chhattisgarh in March this year, paying premiums of over 150%. JSW Steel snapped up a block in Goa in November 2024 at a premium of 92%. Jindal Steel acquired a mine in Odisha in June this year for premium of 117.5%.
Together with Tata Steel, Jindal Steel and the Steel Authority of India Ltd (SAIL), they make the top five integrated steel companies in India.
Denne historien er fra September 30, 2025-utgaven av Mint Chennai.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Mint Chennai
Mint Chennai
HC to hear Apple's plea on fine in Dec
Apple is challenging the new penalty math formula in India's competition law.
1 min
November 27, 2025
Mint Chennai
India’s labour reforms promote inclusion as well as productivity
The codes are designed to work in the interests of our workforce while supporting economic growth
3 mins
November 27, 2025
Mint Chennai
Flexi-cap funds in focus as smids falter
A silent pivot
3 mins
November 27, 2025
Mint Chennai
States to raise more debt from market
State borrowing through state development loans (SDLs), which had briefly eased in October after a surge earlier in the year, rose again in November as several major states returned to the market with large auctions, according to the latest Reserve Bank of India (RBI) data.
1 mins
November 27, 2025
Mint Chennai
Sebi eases adviser, analyst's norms
Markets regulator Sebi has relaxed the educational qualification criteria for Investment Advisers (IAs) and Research Analysts (RAs), allowing graduates from any discipline to apply for registration.
1 min
November 27, 2025
Mint Chennai
Fintechs turn fund magnets with cross-border licensing
Funders see growth prospects in central bank's payment aggregator-cross border licensing
3 mins
November 27, 2025
Mint Chennai
Uber India valuation surges amid battle with Ola, Rapido
November funding values shares 41% higher than the previous round in May 2023
2 mins
November 27, 2025
Mint Chennai
MO Alternates launches its maiden private credit fund
The %3,000 crore fund has drawn capital from family offices, ultra-HNIs and institutions
3 mins
November 27, 2025
Mint Chennai
Taxpayer base soars, but return filings lag sharply: CBDT data
India’s income tax base is growing faster than the number of those conscientiously filing returns, driven by the expanding reach of the tax deducted at source (TDS) system, according to latest data from the central board of direct taxes (CBDT).
1 min
November 27, 2025
Mint Chennai
A new wave of FDI could help the country stare down uncertainty
India-bound investments in future-focused sectors could favour faster economic growth amid shifting geopolitical dynamics
4 mins
November 27, 2025
Listen
Translate
Change font size