Jindal Steel Secures Future with 50-Year Odisha Mining Lease

Jindal Steel has been granted a 50-year mining lease for the Roida-I iron ore and manganese block located in Keonjhar district, Odisha, following its successful bid in the e-auction conducted on 6 June 2025. The Letter of Intent (LoI) was issued by the Odisha government under the Mines and Minerals (Development and Regulation) Act, 1957, and the Mineral (Auction) Rules, 2015.

Spanning 104.84 hectares, the Roida-I block holds an estimated 126.05 million tonnes of mineral reserves and is already equipped with environmental clearance for an annual extraction capacity of 3 million tonnes.

This strategic acquisition enhances Jindal Steel’s raw material security, supporting its long-term vision of self-reliant and sustainable steel production. The company, formerly known as Jindal Steel and Power, is among India’s leading conglomerates with diversified interests in steel, power, mining, and infrastructure.

News by Rahul Yelligetti.