Jindal Steel Locks in 50-Year Lease for Odisha’s Roida-I Iron and Manganese Block
The Roida-I block holds an estimated 126.05 million tonnes of mineral reserves
Jindal Steel has secured a 50-year mining lease for the Roida-I Iron Ore and Manganese Block in Odisha’s mineral-rich Keonjhar district, marking a pivotal step in bolstering its raw material security. The Odisha government issued a Letter of Intent (LoI) to Jindal Steel, confirming the company’s successful bid in the June 6, 2025, e-auction under the Mines and Minerals (Development and Regulation) Act, 1957, and the Mineral (Auction) Rules, 2015.
Spanning 104.84 hectares, the Roida-I block holds an estimated 126.05 million tonnes of mineral reserves with an environmental clearance for 3 million tonnes per annum (MTPA). This acquisition strengthens Jindal Steel’s supply chain, ensuring cost efficiency and operational stability for its integrated steel production.
Pankaj Malhan, Executive Director at Jindal Steel, stated, “The Roida-I lease is a cornerstone for our vision of self-reliant steel production. It secures our iron ore and manganese supply, driving cost-effective growth and reinforcing our commitment to sustainable mining in Odisha.”
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The move aligns with Jindal Steel’s strategy of backward integration and supports Odisha’s industrial growth. Formerly Jindal Steel and Power, the company is a major player in India’s steel, mining, power, and infrastructure sectors, and this lease further cements its position in the eastern corridor’s mineral landscape.
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