Steel Authority of India (SAIL) said that the Jharkhand government has agreed to renew leases of Chiria iron ore mines to meet the current needs of the company, reports Business Standard.

SAIL has a unit at Bokaro in Jharkhand, the capacity of which is being expanded from 5 million tons per annum (MTPA) to 7 MTPA.

SAIL had asked for renewal of 10 leases, out of which four were under dispute, the company said.

It said SAIL (Q,N,C,F)* had sought a reserve of 1,000 million tons (MT) of Chiria ore from the Jharkhand government.

``The government had given a written communication to provide 810 MT, and an additional 200 MT later, `` the company added.

Shares of the company closed up Rs 3.35, or 1.82%, at Rs 187. The total volume of shares traded at the BSE was 1,448,699 (Tuesday).