JSW Steel Limited — Important, 02-05-2025: Disclosure of material issue

JSW Steel has announced a board meeting on May 6, 2025.

The company faces a Rs. 702 Cr claim over alleged production grade drops, mining plan violations, and improper screening mesh at its Odisha iron ore mines. The Revisionary Authority has set aside these demand notices and referred the matter back to the Odisha government for proper disposal, easing immediate legal pressure.

JSW Steel is actively working with authorities to resolve the issue, but the final impact will depend on the state government’s next steps.