Jindal Steel has secured a 50-year mining lease for the Roida-I iron ore and Manganese block in Odisha from the state government.
The mining lease covers an area of 104.84 hectares, enhancing Jindal Steel's raw material security and commitment to sustainable steel production in India's mineral-rich eastern corridor.
The block has an environmental clearance capacity of 3 Million Tonnes Per Annum (MnTPA) and a mineral deposit of 126.05 Million Tonnes.
Jindal Steel emerged as the Preferred Bidder in the e-auction and views this mining lease as a critical step towards securing long-term iron ore and manganese supplies.