STOCKWATCH
·
Iron & Steel
Deals11 Mar 2026, 10:33 am

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

AI Summary

Jindal Steel Limited has been declared the preferred bidder by the Government of Odisha for the Thakurani-A1 Iron Ore Block, with an area of 202 Ha in Keonjhar, Odisha. The company committed to pay a 101.20 per cent Premium to the Government for the virgin block which is G3-level explored with around 50 million tonnes of iron ore resources as per the Government document. This significant milestone is part of Jindal Steel's strategic growth journey, operating on a robust mine-to-metal model and delivering high-performance steel solutions. The Company leverages captive resources, advanced manufacturing capabilities, and a global distribution network to serve core sectors such as infrastructure, construction, and manufacturing.

Key Highlights

  • Jindal Steel declared preferred bidder for Thakurani-A1 Iron Ore Block in Odisha
  • Committed to pay a 101.20 per cent Premium to the Government
  • Virgin block is G3-level explored with around 50 million tonnes of iron ore resources
  • Significant milestone in Jindal Steel's strategic growth journey
  • Operates on a robust mine-to-metal model and delivers high-performance steel solutions
JINDALSTEL
Iron & Steel
JINDAL STEEL & POWER LTD.

Price Impact