Jindal Steel has secured a 50-year mining lease for the Roida-I iron ore and manganese block in Odisha, India. The company received a letter of intent (LoI) from the Odisha government, following its successful participation in an e-auction held on June 6, 2025. The Roida-I block, spanning 104.84 hectares, is expected to significantly enhance Jindal Steel’s raw material security and support its integrated and sustainable steel production in the region.
The mining lease is a critical component of Jindal Steel’s long-term vision for self-reliant steel production. The Roida-I block has an environmental clearance capacity of 3 million tonnes per annum (MnTPA) and a mineral deposit of 126.05 million tonnes. With this lease, Jindal Steel aims to bolster its iron ore and manganese supply base, ensuring operational stability, cost efficiency, and supporting its growth plans.
According to Pankaj Malhan, Executive Director of Jindal Steel, the Roida-I block is a significant enabler for the company’s long-term vision. The mining lease will provide Jindal Steel with a stable supply of iron ore and manganese, critical to its integrated operations. The company’s successful bid in the e-auction and subsequent receipt of the LoI from the Odisha government mark a significant step towards securing long-term supplies.
Jindal Steel is one of India’s leading business houses, with a significant presence in steel, mining, power, and infrastructure. The company’s commitment to integrated and sustainable steel production is underscored by its efforts to secure raw material security. The Roida-I mining lease is expected to play a crucial role in supporting Jindal Steel’s growth plans and reinforcing its position as a leading player in the Indian steel industry. With this development, Jindal Steel is poised to strengthen its operations and contribute to the growth of India’s mineral-rich eastern corridor.