Jindal Steel Limited has been declared the preferred bidder for the Thakurani-A1 Iron Ore Block located in Keonjhar, Odisha, following an online auction conducted by the Government of Odisha. The company committed to paying a 101.20 per cent Premium over the reserve price. The block contains an estimated 50 million tonnes of G3-level explored iron ore resources, marking a significant milestone in the company’s strategic growth.
Preferred Bidder Status Secured in Odisha Auction
Jindal Steel Limited announced today that it has been successfully declared the preferred bidder for the Thakurani-A1 Iron Ore Block situated in Keonjhar, Odisha. This declaration follows the conclusion of an online auction managed by the Government of Odisha.
The company has committed to paying a significant premium of 101.20 per cent to the Government for securing the mining rights. The Thakurani-A1 Iron Ore Block was made available as part of a recent auction round initiated by the Odisha Directorate of Mines and Geology in December 2025, which included a total of 12 virgin mineral blocks.
Block Specifications and Resources
The secured block boasts a substantial area of 202 Hectares (Ha). Importantly, the virgin block is classified as G3-level explored, indicating a high degree of geological certainty regarding its contents. Government documents estimate the block holds approximately 50 million tonnes of recoverable iron ore resources.
Strategic Context
This achievement is highlighted as a significant milestone in Jindal Steel’s ongoing strategic growth journey. Operating with a robust mine-to-metal model, the company leverages captive resources to deliver high-performance steel solutions across core sectors like infrastructure and construction. The acquisition reinforces the company’s commitment to operational excellence and sustainable growth, building upon its existing state-of-the-art facilities in Angul, Raigarh, and Patratu.
Source: BSE
