The company said JSW Steel Coated Products Ltd continues as the successful resolution applicant for Colour Roof India Ltd following the CoC approval. JSW Steel said the revised financial plan was submitted by JSWSCPL on May 13, 2026, through an addendum to its earlier resolution plan dated July 1, 2024, which was amended and restated on April 18, 2025.
The development follows an order passed by the National Company Law Tribunal (NCLT), Mumbai Bench, on April 13, 2026. The tribunal had partially allowed certain interlocutory applications filed by the erstwhile promoter of Colour Roof India Ltd and permitted the promoter to submit a resolution plan.
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The NCLT had also allowed other resolution applicants to submit revised financial plans. JSW Steel said the implementation of the approved resolution plan remains subject to necessary approval from the National Company Law Tribunal, Mumbai.
In May this year, JSW Steel was declared the ‘preferred bidder’ for Pissurlem mineral block No. XV in Goa, following an auction held on May 7, 2026.
The company said it received communication from the Office of the Director, Directorate of Mines and Geology, Government of Goa, confirming its status as preferred bidder with the highest final offer price at 118.10% of the value of mineral dispatched.
The mineral block has an estimated iron ore resource of 96 million tonnes. JSW Steel said it will take all required steps as per the tender document to obtain the letter of intent and necessary statutory clearances.
Shares of JSW Steel Ltd ended at ₹1,279.20, down by ₹30.35, or 2.32%, on the BSE today, May 29.
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(Edited by : Shoma Bhattacharjee)
First Published: May 29, 2026 5:31 PM IST
