JSW Steel has made a significant move to secure its raw material supply by having its wholly-owned subsidiary, Mivaan Steels, win the auction for the Rajgamar Dipside coal block in Chhattisgarh. 

The winning bid was 31.50% of the National Coal Index pricing. This strategic acquisition will give JSW Steel greater control over its input costs and reduce its reliance on external suppliers, enhancing its operational efficiency. 

The company will now work to obtain the necessary statutory clearances and execute a Coal Mine Development and Production Agreement (CMDPA) before beginning mining operations. This move is part of a broader trend of companies seeking to vertically integrate their operations to ensure stability in a volatile market.