HOME > MARKETS > COMPANY NEWS
  COMPANY NEWS
COMPANY
Jindal Steel secures LoI from Government of Odisha
Jul-04-2025

Jindal Steel & Power (JSPL) has received Letter of Intent (LoI) from Government of Odisha for a 50-year mining lease for the Roida-I Iron Ore and Manganese Block, located in Keonjhar District. 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.

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. This LoI 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 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 & Power is one of India’s fastest growing and largest integrated steel manufacturers, significantly present in Steel, Power Generation and Infrastructure segments and catering to a large part of India's domestic energy and infrastructure requirement.

  RELATED NEWS >>