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Jindal Steel secures a 50-year lease for Roida-I Iron Ore and Manganese Block in Odisha, enhancing its raw material portfolio and supporting long-term growth.
By Megha Rani July 3, 2025, 11:32:17 PM IST (Published)
Jindal Steel And Power announced a major boost to its raw material portfolio on Thursday (July 03) 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 move marks a significant step in the company’s long-term growth and backward integration strategy.
Spanning 104.84 hectares, the block holds an environmental clearance capacity of 3 million tonnes per annum (MTPA) and a mineral reserve of 126.05 million tonnes, strengthening the company's supply chain and production capabilities.
This development follows Jindal Steel’s success in the June 6, 2025, e-auction, where it was declared the Preferred Bidder under provisions of the Mines and Minerals (Development and Regulation) Act, 1957, and 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."
He further added, "It is also a testament to Jindal Steel’s commitment to Odisha’s economic and industrial development through responsible and sustainable mining.”
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