JSW Steel Scraps Coal Block Deal with Banai-Bhalumuda

JSW Steel has called off its agreement for developing and producing coal from the Banai-Bhalumuda coal block in Odisha. The company decided to terminate the deal due to ongoing issues related to regulatory approvals and project delays. This move marks a setback for JSW’s expansion plans in the coal sector, as they focus on securing other resources for their steel production needs.