Shares of Jindal Steel Ltd (NSE: JINDALSTEL) were trading around ₹1,194.50, up about 0.61% in early trading on March 11, after the company announced an important development in its mining business.
Jindal Steel has been declared the preferred bidder for the Thakurani-A1 Iron Ore Block in Odisha following an online auction conducted by the Government of Odisha. The iron ore block is located in Keonjhar district and covers an area of around 202 hectares.
The company has committed to pay a premium of 101.20% to the state government for the block. The Thakurani-A1 block was part of a recent auction of 12 mineral blocks notified by the Odisha Directorate of Mines and Geology in December 2025.
According to government documents, the block is a G3-level explored mine and is estimated to contain about 50 million tonnes of iron ore resources. This acquisition is expected to strengthen Jindal Steel’s mine-to-metal strategy, ensuring a more stable supply of raw materials for its steel manufacturing operations.
Jindal Steel is one of India’s leading integrated steel producers with major manufacturing facilities in Angul, Raigarh, and Patratu, supplying steel products to infrastructure, construction, and manufacturing sectors. The company continues to expand its resource base to support long-term growth.
