Jindal Steel has received a 50-year mining lease for the Roida-I iron ore and manganese block in Keonjhar district, Odisha. The company secured the letter of intent (LoI) from the Odisha government following its successful bid during the e-auction held on 06 June, 2025.

Jindal Steel emerged as the preferred bidder under the Mines and Minerals (Development and Regulation) Act, 1957, and the Mineral (Auction) Rules, 2015. The Roida-I block spans 104.84 hectares and holds an estimated mineral deposit of 126.05 million tonne. The block has environmental clearance for an annual extraction capacity of 3 million tonnes.

This strategic acquisition significantly strengthens Jindal Steel's raw material security and supports its vision of self-reliant and sustainable steel production. Jindal Steel, formerly Jindal Steel and Power, is one of India’s major conglomerates with interests in steel, power, mining, and infrastructure.