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Jindal Steel reinforces workplace safety culture during 55th National Safety Week at Angul Strong industry-government collaboration essential for sustainable development: Odisha Industries Minister Jindal Steel wins Odisha iron ore block with 111.15pc premium bid Vedanta Aluminium enters global Top 10pc in S&P Sustainability Yearbook 2026 Paradip Port Authority reinforces ‘Safety First’ culture as 55th National Safety Week concludes with renewed commitment Odisha Govt allocates ₹16,152.92 crore for Women and Child Development in Budget 2026-27; Focus on Anganwadi infrastructure and women’s welfare KIIT to host 61st Femina Miss India Grand Finale in historic first for a university and eastern India Record coal stocks put country in strong position to meet any unprecedented demand Global Conference on Women in Agri-Food Systems to be held in New Delhi from March 12, President Droupadi Murmu to inaugurate Vedanta Aluminium launches Eastern India’s largest honey FPO Vedamrit to strengthen farmer livelihoods Jindal Steel reinforces workplace safety culture during 55th National Safety Week at Angul Strong industry-government collaboration essential for sustainable development: Odisha Industries Minister Jindal Steel wins Odisha iron ore block with 111.15pc premium bid Vedanta Aluminium enters global Top 10pc in S&P Sustainability Yearbook 2026 Paradip Port Authority reinforces ‘Safety First’ culture as 55th National Safety Week concludes with renewed commitment Odisha Govt allocates ₹16,152.92 crore for Women and Child Development in Budget 2026-27; Focus on Anganwadi infrastructure and women’s welfare KIIT to host 61st Femina Miss India Grand Finale in historic first for a university and eastern India Record coal stocks put country in strong position to meet any unprecedented demand Global Conference on Women in Agri-Food Systems to be held in New Delhi from March 12, President Droupadi Murmu to inaugurate Vedanta Aluminium launches Eastern India’s largest honey FPO Vedamrit to strengthen farmer livelihoods

Jindal Steel wins Odisha iron ore block with 111.15pc premium bid

By THEBUSINESSBYTES.COM 2 hours from now Business

THEBUSINESSBYTES BUREAU

BHUBANESWAR, MARCH 12, 2026

In a significant development for the mining and steel sector, Jindal Steel has been declared the preferred bidder by the Government of Odisha for the Rengalaberha North-East Extension and Nuagan West Iron Ore Block located in Keonjhar district. The iron ore block spans approximately 84 hectares, marking another strategic addition to the company’s raw material resource base.

Following the successful conclusion of the online auction process, Jindal Steel has committed to a final price offer of 111.15 per cent premium to the Government of Odisha. The premium bid reflects strong industry interest in Odisha’s mineral resources and highlights the company’s commitment to strengthening its upstream integration in iron ore supply.

The block was part of a tranche of 12 mineral blocks notified for auction by the Directorate of Mines and Geology, Odisha in December 2025, aimed at boosting mineral development and enhancing resource utilization in the state.

According to government records, the iron ore block has been explored up to the G2 level, indicating a fairly detailed geological assessment. The deposit is estimated to host around 38 million tonnes of iron ore resources, making it a valuable asset for future mining operations and steel production.

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