Jindal Steel secures 50-year mining lease for Roida-I Iron Ore and Manganese Block in Odisha
Jindal Steel has taken a major step forward in its growth strategy with the Government of Odisha issuing a Letter of Intent (LoI) for a 50-year mining lease for the Roida-I Iron Ore and Manganese Block. Located in the mineral-rich Keonjhar district, the block spans 104.84 hectares and significantly boosts the company's raw material security for long-term operations.
The Roida-I block comes with an Environmental Clearance for up to 3 million tonnes per annum (MTPA) and holds a rich mineral deposit of approximately 126.05 million tonnes. This acquisition marks a major milestone in Jindal Steel's efforts to strengthen its backward integration model and support its vision of sustainable, self-reliant steel production.
The lease comes after Jindal Steel's successful bid in the e-auction held on June 6, 2025, where it emerged as the Preferred Bidder under the Mines and Minerals (Development and Regulation) Act, 1957 and the Mineral (Auction) Rules, 2015.
Pankaj Malhan, Executive Director, Angul, said, 'This mining lease is a critical enabler for our long-term vision of self-reliant steel production. 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.'
This development is not just a win for the company's operational resilience—it also reinforces its commitment to sustainable mining practices, economic development, and positive community engagement across Odisha's eastern corridor.
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Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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