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

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

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.

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.

Next Story
Infrastructure Urban

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Next Story
Infrastructure Transport

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Next Story
Infrastructure Transport

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?