📰 Big Win for Jindal Steel in Odisha’s Strategic Mineral Auction

Jindal Steel Bags Roida-I Iron Ore & Manganese Block in Odisha | 50-Year Mining Lease Boosts Raw Material Security, Jindal Steel & Power Ltd (JSPL) has officially received the Letter of Intent (LoI) from the Government of Odisha, declaring it the successful bidder for the Roida-I Iron Ore and Manganese Block located in Keonjhar district. This follows the state’s mineral e-auction held on June 6, 2025, under the Mines and Minerals (Development and Regulation) Act, 1957.

The 50-year lease spans 104.84 hectares, a move that significantly fortifies Jindal Steel’s backward integration strategy and secures long-term raw material supply critical to its integrated steel operations.

📄 Official Source: Press Release PDF
🌐 Visit: www.jindalsteelpower.com

Key Highlights from the Roida-I Mining Lease – Jindal Steel

Location: Keonjhar District, Odisha
Lease Duration: 50 Years
Deposit Size: 126.05 Million Tonnes
Environmental Clearance: 3 MTPA (Million Tonnes Per Annum)
Resource Types: Iron Ore and Manganese

According to the official statement by Pankaj Malhan, Executive Director at JSPL, this block will enhance operational stability, reduce input costs, and support Jindal Steel’s goal of self-reliant and sustainable steel production.

“With the Roida-I block, we are significantly bolstering our iron ore and manganese supply base, ensuring cost efficiency and supporting growth plans.” – Pankaj Malhan, JSPL

🌱 A Milestone in Sustainable Mining and Industrial Growth – Jindal Steel

Jindal Steel is not just expanding—it’s doing so responsibly. The company emphasized that this mining block aligns with its commitment to:

Sustainable resource management
Community development in mineral-rich regions
Strengthening India’s domestic steel ecosystem

With $12 billion in global investments, Jindal Steel continues to drive forward with ESG-focused operations, including emissions reduction and circular economy principles.

📊 What This Means for JSPL Shareholders & Industry

Stock Impact: Likely medium-to-long-term positive sentiment due to enhanced resource security
Cost Synergy: Potential drop in input costs, boosting margins
Strategic Integration: Supports Jindal’s steel plants in Angul and beyond

With the growing demand for low-emission steel and India’s infrastructure push, this acquisition puts JSPL in a stronger position to scale production sustainably and cost-effectively.

📌 Final Take: Odisha’s Mineral Auction Powers Jindal’s Future

Jindal Steel’s Roida-I win isn’t just a lease—it’s a strategic coup. As India looks to become a global steel powerhouse, access to critical minerals like iron ore and manganese is mission-critical. JSPL’s move reinforces its competitive edge and sustainable credentials in an evolving market.

🔗 Related Links:

Jindal Steel & Power Official Site