Jindal Steel Secures 50-Year Mining Lease for Roida-I Block in Odisha

07 Jul 2025 CW Team

Jindal Steel has received a Letter of Intent (LoI) from the Government of Odisha for a 50-year mining lease of the Roida-I Iron Ore and Manganese Block located in Keonjhar district.

The Roida-I block spans 104.84 hectares and contains mineral deposits of 126.05 million tonnes. It holds an Environmental Clearance capacity of 3 million tonnes per annum (MTPA). This resource is expected to reinforce Jindal Steel’s raw material supply chain and advance its goal of integrated and sustainable steel production in India’s mineral-rich eastern region.

Jindal Steel secured the mining lease following its success in the e-auction conducted on 6 June 2025, where it was declared the Preferred Bidder. The auction was held under the Mines and Minerals (Development and Regulation) Act, 1957, and the Mineral (Auction) Rules, 2015.

Pankaj Malhan, Executive Director at Jindal Steel’s Angul plant, described the mining lease as a crucial milestone for the company’s vision of self-reliant steel production. “With the Roida-I block, we are significantly enhancing our iron ore and manganese supply base, ensuring operational stability, cost efficiency, and supporting our growth plans,” he said.

This lease further strengthens Jindal Steel’s backward integration model, aimed at securing steady raw material supply, reducing costs, and improving production efficiency. The company is also committed to creating long-term economic value and promoting community welfare in the region.

Following the announcement on the night of 3 July, Jindal Steel and Power’s share price opened higher, gaining nearly 0.3 per cent. As of 10:40 am, the stock was trading at Rs 962.35.

Jindal Steel is a major industrial entity with strong operations across steel, mining, and infrastructure sectors, supported by a global investment of $12 billion.

Resources

13 May 2026

Anant Raj Appoints Anish Sarin as Director

Anant Raj has appointed Anish Sarin as Director on its Board, marking a key step in the company’s leadership transition and long-term growth strategy. The announcement was made during the company’s Q4 and FY26 results declaration, reflecting the induction of next-generation leadership as the company expands across real estate, cloud infrastructure and data centre businesses. Anish Sarin, grandson of veteran industrialist Ashok Sarin, represents the emerging leadership at Anant Raj. Educated at Regent’s University London, he brings a global business outlook along with a strong focus on t..

Vedanta eyes AI-led value growth

Vedanta Group expects to unlock USD 300–400 million in additional value over the next three years through large-scale deployment of AI-led industrial technologies across its businesses. The group said its V-Spark DeepTech Ventures platform has already delivered nearly four times return on investment since inception.Vedanta is scaling AI, predictive analytics, Industrial Internet of Things, digital twins, machine learning, automation and connected manufacturing technologies across its metals, mining, energy and industrial operations. These deployments are aimed at improving productivity, lowe..

Hindustan Zinc inks pact with Group Nirmal

Hindustan Zinc has signed an MoU with Group Nirmal to set up a zinc wire manufacturing facility at its Zinc Industrial Park in Khankhala, Bhilwara district, Rajasthan. The partnership will expand downstream manufacturing activity and support value-added zinc applications in India.Under the agreement, Group Nirmal will manufacture zinc wire products using Hindustan Zinc’s Special High Grade zinc. The products will cater to infrastructure, renewable energy, automotive and industrial engineering sectors.Zinc wire is used in thermal spray coating and metallising processes to protect steel struct..