Jindal Steel Named Preferred Bidder For Thakurani-A1 Iron Ore Block In Odisha

Jindal Steel Limited has achieved an important milestone in its growth strategy after being declared the preferred bidder for the Thakurani-A1 Iron Ore Block by the Government of Odisha.

The block is located in Keonjhar, in the state of Odisha, and covers an area of 202 hectares. The announcement came after the completion of an online auction conducted by the state authorities.

Jindal Steel has committed to pay a premium of 101.20% to the Odisha government as part of the auction terms.

Part of Major Mineral Block Auction

The Thakurani-A1 block was included in a recent auction of 12 virgin mineral blocks announced by the Odisha Directorate of Mines and Geology in December 2025.

According to government documents, the block has been explored at the G3 level and is estimated to contain around 50 million tonnes of iron ore resources.

Winning the bid will help Jindal Steel secure additional raw material supply for its steel manufacturing operations.

About Jindal Steel

Jindal Steel Limited is one of India’s leading integrated steel manufacturers. The company follows a mine-to-metal model, meaning it controls the entire production process, from mining raw materials to producing finished steel products.

Key highlights of the company include:

• Investment footprint of over $12 billion
• Major manufacturing facilities in Angul, Raigarh, and Patratu
• Strategic operations across India and Africa
• A diversified product portfolio used in infrastructure, construction, and manufacturing sectors

The company uses advanced manufacturing technologies and a global distribution network to supply high-performance steel products.

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Jindal Steel Share Price Movement

Jindal Steel share price (NSE:JINDALSTEEL) was trading at ₹1,194, up ₹6.80 or 0.57%, around 10:54 AM on March 11 on the National Stock Exchange of India. The stock opened at ₹1,187 and touched an intraday high of ₹1,205.10 and a low of ₹1,186.10. The stock has a 52-week high of ₹1,272.10 and a 52-week low of ₹770. Jindal Steel currently offers a dividend yield of around 0.17%, with a quarterly dividend amount of ₹0.51 per share.

Conclusion

Being declared the preferred bidder for the Thakurani-A1 iron ore block strengthens Jindal Steel’s raw material security and supports its long-term expansion plans. Access to additional iron ore resources will help the company enhance production efficiency and support future growth in the steel sector.

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