From Ore to Score: Jindal Steel Secures 50-Year Odisha Mining Bonanza

 

Jindal Steel & Power has achieved a major milestone by securing a 50-year mining lease for the Roida-I iron ore and manganese block in Odisha’s Keonjhar district. The Government of Odisha issued a Letter of Intent (LoI) following Jindal Steel’s successful bid in the June 6 e-auction, positioning the company for enhanced raw material security and long-term growth. Spanning 104.84 hectares, the block contains a substantial mineral reserve of 126.05 million tonnes and has an environmental clearance capacity of 3 million tonnes per annum, significantly strengthening Jindal Steel’s supply chain and production capabilities.

 

Key Highlights:

 

50-year lease granted for Roida-I iron ore and manganese block in Keonjhar, Odisha, covering 104.84 hectares.

 

126.05 million tonnes of mineral reserves secured, with an annual extraction capacity of 3 million tonnes.

 

Jindal Steel emerged as the Preferred Bidder in the June 2025 e-auction under the Mines and Minerals (Development and Regulation) Act, 1957.

 

The lease supports Jindal Steel’s backward integration strategy, ensuring raw material self-sufficiency and cost efficiency.

 

The company reaffirmed its commitment to responsible and sustainable mining and to Odisha’s economic development.

 

Outlook:

This strategic win is set to reinforce Jindal Steel’s leadership in the Indian steel sector, ensuring operational stability and supporting its vision of integrated, sustainable steel production. The lease further strengthens the company’s position in India’s mineral-rich eastern region and is expected to drive both local economic growth and Jindal Steel’s long-term expansion plans.

 

Source: Angel One, CNBC-TV18, The Hindu BusinessLine