Jindal Steel has received a letter of intent from the Odisha government for a 50-year mining lease of the Roida-I iron ore and manganese block in Keonjhar district.
Spanning 104.84 hectares, the block holds an estimated 126.05 mln tons of mineral reserves and has environmental clearance for extracting up to 3 mln tons annually.
“This lease is a key step toward our goal of self-reliant steel production. It strengthens our raw material base, ensuring stability, cost efficiency, and supporting future growth,” said Pankaj Malhan, Executive Director at Jindal Steel.
The lease follows Jindal Steel’s winning bid in the e-auction held on June 6, 2025, under the Mines and Minerals (Development and Regulation) Act, 1957, and the Mineral (Auction) Rules, 2015. The company plans to use the block to support its integrated steel operations in eastern India.
