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JSW Steel announces 850 MT Minas de Revuboè coking coal mining project in MozambiqueShares of JSW Steel Ltd ended at ₹1,119.05, down by ₹53.65, or 4.57%, on the BSE.By Jomy Jos Pullokaran  March 14, 2026, 12:46:05 AM IST (Published)2 Min ReadJSW Steel Ltd on Friday (March 13) announced the Minas de Revuboè (MdR) coking coal mining project in the Moatize coal basin in Tete Province, Mozambique, marking a development in the company’s global raw material strategy and India–Mozambique economic cooperation.

The announcement was made during a ceremony held in Moatize and presided over by the President of the Republic of Mozambique, Daniel Francisco Chapo. The event was attended by Parth Jindal of the JSW Group, Robert Shetkington, Indian High Commissioner to Mozambique, and other senior government dignitaries.

The MdR project, located in the Moatize coal basin of Tete Province, provides JSW Steel access to substantial reserves of premium hard coking coal, a key raw material used in steelmaking.

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The project has 850 million tonnes of reserves and the potential to yield 250 million tonnes of usable coking coal. JSW Steel plans to develop the mine in phases, with the first phase expected to be developed over the next 2.5 years and designed to produce 2.4 million tonnes per annum of prime hard coking coal.

The mine is located around 10 km north of Tete city, approximately 450 km north of Beira Port and about 900 km south-west of Nacala Port, providing logistical connectivity for supply to Indian steel plants.

JSW Steel said the project forms part of its backward integration strategy and is aimed at providing long-term supply assurance for coking coal, which is a critical and cost-intensive input in steel manufacturing. India has limited domestic premium coking coal resources, making overseas sourcing important for steel producers.

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The company added that securing premium-quality hard coking coal is important for productivity in steelmaking and can also contribute to reducing carbon emissions intensity as part of its broader decarbonisation roadmap.

Shares of JSW Steel Ltd ended at ₹1,119.05, down by ₹53.65, or 4.57%, on the BSE.Continue Reading(Edited by : Jomy Jos Pullokaran)TagsJSW Steelshare market today