Jindal Steel secures 50-year lease for Roida-I mining block in Odisha; check key details

In a significant move to bolster its raw material security, Jindal Steel has obtained a 50-year mining lease for the Roida-I iron ore and manganese block in Odisha’s Keonjhar district. 

The Odisha government issued a Letter of Intent (LoI) to the company following a successful e-auction held on June 6, 2025.

All About Roida-I Block

Spanning an area of 104.84 hectares, the Roida-I block is estimated to hold 126.05 million tonnes of mineral reserves, including iron ore and manganese. 

It also carries an environmental clearance for mining up to 3 million tonnes per annum (MnTPA), enabling the company to expand its production capabilities sustainably.

Pankaj Malhan, Executive Director at Jindal Steel, emphasized the strategic importance of this acquisition. 

“This mining lease is a crucial step towards realizing our vision of self-reliant steel production. It strengthens our raw material supply chain, ensuring operational stability, cost efficiency, and supporting our ambitious growth plans,” PTI quoted Malhan as saying.

The Roida-I lease aligns with Jindal Steel’s focus on integrated and sustainable steel manufacturing in India’s mineral-rich eastern corridor. 

The company, formerly known as Jindal Steel and Power, remains one of the country’s leading industrial groups with a diverse presence across steel, mining, power, and infrastructure sectors.