The company secured the lease following its success in the e-auction held on June 6, 2025.
The Roida-I block, which covers a total area of 104.84 hectares, contains approximately 126.05 million tons of mineral reserves. With an annual Environmental Clearance capacity (MTPA) of 3 million tons, the mine is expected to strengthen Jindal Steel’s raw material supply chain and support India’s goal of integrated and sustainable steel production in the mineral-rich eastern region.
Pankaj Malhan, Executive Director of Jindal Steel’s Angul plant, described this mining lease as a major milestone in the company’s vision of self-sufficient steel production. Malhan stated, “With the Roida-I block, we are significantly enhancing our iron ore and manganese supply base, ensuring operational stability and cost efficiency, and increasing our production performance.” Emphasizing that this investment further strengthens the company’s backward integration model, Malhan noted that they aim to create long-term economic value in the region and promote community welfare.
The auction was held under the Mines and Minerals (Development and Regulation) Act, 1957, and the Mineral (Auction) Rules, 2015. Jindal Steel was declared the Preferred Bidder as a result of the e-auction.
Following this development, Jindal Steel and Power's share price rose by approximately 0.3% after the announcement made on the night of July 3, 2025. As of 10:40 a.m., the company’s shares were trading at ₹962.35.
Supported by a $12 billion global investment, Jindal Steel and Power holds a significant position in India’s industrial landscape with strong operations in steel, mining, and infrastructure sectors.
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