Jindal Steel Secures Strategic Coal Block: Wins Saradhapur Jalatap East with 10% Revenue Share

Jindal Steel and Power Limited (JSPL) has won in the 11th round of commercial coal mine auctions by bagging the Saradhapur Jalatap East coal block in Odisha. JSPL was adjudicated the top bidder with a 10% revenue sharing, which was declared on March 24, 2025, by the Ministry of Coal. The strategic purchase under the 12 successfully auctioned mines is predicted to improve substantially the raw material security of JSPL. Saradhapur Jalatap East block possesses high geological reserves, and when added to the total of 5,759.23 million tonnes for this round of auction, it ranks high in contributions. This victory is in line with JSPL's plans for expansion and the government's efforts to increase domestic coal production.

 

Source: Ministry of Coal, BSE Filings