Jindal Steel Declared Preferred Bidder for Thakurani-A1 Iron Ore Block in Odisha

New Delhi, March 11, 2026: Jindal Steel Limited has been declared the preferred bidder for the Thakurani-A1 Iron Ore Block in Odisha, marking a significant step in the company’s strategic resource expansion.

The announcement follows the conclusion of an online mineral block auction conducted by the state government. The iron ore block, located in Keonjhar, covers an area of 202 hectares. Jindal Steel secured the preferred bidder status by committing to pay a 101.20% premium to the state government.

Auction of Virgin Mineral Blocks

The Thakurani-A1 Iron Ore Block was part of an auction round involving 12 virgin mineral blocks notified in December 2025 by the Directorate of Mines and Geology Odisha.

According to government documents, the block is classified as G3-level explored and is estimated to contain around 50 million tonnes of iron ore resources. The allocation is expected to strengthen raw material security for the company’s steel operations.

Strengthening Resource Security

The acquisition aligns with Jindal Steel’s mine-to-metal strategy, which focuses on integrating captive mining resources with advanced steel manufacturing capabilities. Securing access to iron ore reserves plays a crucial role in supporting long-term production and operational efficiency.

About Jindal Steel

Jindal Steel Limited, formerly known as Jindal Steel & Power Limited, is one of India’s leading integrated steel producers. The company operates major steel manufacturing facilities in Angul, Raigarh, and Patratu.

With an investment footprint exceeding USD 12 billion, the company runs advanced manufacturing operations and maintains strategic presence across India and Africa. Its diversified product portfolio supports key sectors such as infrastructure, construction, and manufacturing.