Jindal Steel, on Thursday, announced a significant milestone in its strategic growth journey. The Naveen Jindal-led company informed that it has secured a 50-year mining lease from the Odisha government for the Roida-I iron ore and manganese block located in Keonjhar district.
In an exchange filing on July 3, Jindal Steel, on securing the letter of intent (LoI) from the Odisha government for the grant of the mining lease, stated, “Spread across 104.84 hectares, this vital mineral resource significantly enhances Jindal Steel’s raw material security and underscores its commitment to integrated and sustainable steel production in India’s mineral-rich eastern corridor.”
This mining lease is a critical enabler for our long-term vision of self-reliant steel production, Pankaj Malhan, Executive Director, of Angul division of Jindal Steel, stated.
“With the Roida-I block, we are significantly bolstering our iron ore and manganese supply base, which will ensure operational stability, cost efficiency, and support our growth plans. It is also a testament to Jindal Steel’s commitment to Odisha’s economic and industrial development through responsible and sustainable mining,” Malhan further said.
The Roida-I Iron Ore and Manganese Block comes with an environmental clearance capacity of 3 million tonnes per annum (MTPA) and a mineral deposit of 126.05 million tonnes, further solidifying the strategic value of the acquisition, the company said in the exchange filing.
The LoI from the Odisha government follows Jindal Steel’s successful participation in the e-auction held on June 6, 2025, where the company emerged as the Preferred Bidder, in line with the provisions of the Mines and Minerals (Development and Regulation) Act, 1957, and the Mineral (Auction) Rules, 2015, the company stated.
The issuance of the LoI is a significant step toward securing long-term iron ore and manganese supplies, critical to Jindal Steel’s integrated operations.
Jindal Steel, erstwhile Jindal Steel and Power, is one of India’s leading business houses, with a significant presence in steel, mining, power and infrastructure.
