Jindal Steel gets 278 mt Kasia iron ore mine in Odisha
COAL & MINING

Jindal Steel gets 278 mt Kasia iron ore mine in Odisha

Indian steel and energy company Jindal Steel and Power Limited (JSPL) has bagged 278 mt Kasia iron ore block in Odisha for captive use.

The Kasia iron ore mine is located about 17 km from the company's pellet plant in Barbil in Odisha, JSPL told the media.

At present, the 278 mt mine has an environmental clearance (EC) for mining 7.5 mt mineral per annum, the company said.

The company said that for the mining lease grant of the Kasia iron and dolomite mine, JSPL has received official communication from the Odisha government. For the mine at a 118.10% premium, JSPL has been declared as the preferred bidder.

It has a large resource of 278 mt of iron ore with an average iron grade of about 62.5%.

The e-auction of Kasia iron and dolomite mineral mine was held on September 18 this year, which was owned and managed by Essel Mining and Industries earlier.

Currently, the company has about 9 mt per annum crude steel capacity and intends to increase the capacity to 16 mt per annum by FY25. The company will get a massive strategic benefit through this large captive iron ore source access, said VR Sharma, Managing Director, JSPL.

He said that the company has plans to utilise a slurry pipeline from the Barbil area to Angul, which will further decrease the logistics price.

JSPL has a vital presence in the steel, power, and mining sectors, with investments worth Rs 90,000 crore globally.

Image Source


Also read: Odisha sanctions projects worth Rs 640 cr under OMBADC

Indian steel and energy company Jindal Steel and Power Limited (JSPL) has bagged 278 mt Kasia iron ore block in Odisha for captive use. The Kasia iron ore mine is located about 17 km from the company's pellet plant in Barbil in Odisha, JSPL told the media. At present, the 278 mt mine has an environmental clearance (EC) for mining 7.5 mt mineral per annum, the company said. The company said that for the mining lease grant of the Kasia iron and dolomite mine, JSPL has received official communication from the Odisha government. For the mine at a 118.10% premium, JSPL has been declared as the preferred bidder. It has a large resource of 278 mt of iron ore with an average iron grade of about 62.5%. The e-auction of Kasia iron and dolomite mineral mine was held on September 18 this year, which was owned and managed by Essel Mining and Industries earlier. Currently, the company has about 9 mt per annum crude steel capacity and intends to increase the capacity to 16 mt per annum by FY25. The company will get a massive strategic benefit through this large captive iron ore source access, said VR Sharma, Managing Director, JSPL. He said that the company has plans to utilise a slurry pipeline from the Barbil area to Angul, which will further decrease the logistics price. JSPL has a vital presence in the steel, power, and mining sectors, with investments worth Rs 90,000 crore globally. Image SourceAlso read: Odisha sanctions projects worth Rs 640 cr under OMBADC

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?