Archive · 3 Jul 2025
Jindal Steel Secures Mining Lease in Odisha
Jindal Steel got permission to dig for iron and manganese in Odisha, India.
The government gave them a 50-year lease.
They can dig up to 3 million tonnes of ore each year from this area, which covers about 105 hectares.
This area has a lot of iron and manganese, which is what they need to make steel.
This will help them get the materials they need to make steel more easily and cheaper.
They won the right to mine this area in an auction.
This move shows they want to keep growing and helping the local economy.
Jindal Steel has secured a 50-year mining lease in Odisha's Keonjhar district.
The Letter of Intent (LoI) was issued by the Government of Odisha for the Roida-I Iron Ore and Manganese Block.
The block spans 104.84 hectares with an environmental clearance capacity of 3 million tonnes per annum.
The block has mineral reserves of 126.05 million tonnes.
This follows Jindal Steel's success in a June 6, 2025, e-auction.
- Who
- Jindal Steel and the Government of Odisha.
- What
- Jindal Steel secured a 50-year mining lease for the Roida-I Iron Ore and Manganese Block.
- When
- The Letter of Intent (LoI) was issued on Thursday, July 03.
- Where
- Keonjhar district in Odisha, India.
- Why
- To bolster its iron ore and manganese supply base, ensuring operational stability and supporting growth plans.
- Company
- Jindal Steel
- Location
- Keonjhar district, Odisha
- Lease Duration
- 50 years
- Block Name
- Roida-I Iron Ore and Manganese Block
- Area
- 104.84 hectares
- Environmental Clearance
- 3 million tonnes per annum (MTPA)
- Mineral Reserve
- 126.05 million tonnes
- Auction Date
- June 6, 2025