Jindal Steel secures 50-year lease for Roida-I iron Ore and manganese block in Odisha
has received a letter of intent (LoI) from the
Odisha government
granting it a
50-year mining lease
for the Roida-I iron ore and manganese block in
Keonjhar district
, reports PTI.
The block spans 104.84 hectares and has an
environmental clearance
for an annual extraction capacity of 3 million tonnes. The site contains a
mineral deposit
of 126.05 million tonnes, says the company.
Long-term supply strategy
'The 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,' said Pankaj Malhan, Executive Director, Jindal Steel.
The LoI follows Jindal Steel's successful bid in the e-auction conducted on June 6, 2025, where it was declared the preferred bidder under the Mines and Minerals (Development and Regulation) Act, 1957, and the Mineral (Auction) Rules, 2015.
The company said the block will contribute to its raw material supply and support its integrated operations in eastern India.
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