Bhubaneswar: Jindal Steel Limited on Wednesday said it has emerged as the preferred bidder for the Thakurani-A1 Iron Ore Block in Keonjhar, marking a key step in the company’s expansion strategy.
The company secured the block after the conclusion of an online auction conducted by the government of Odisha. Jindal Steel is committed to paying a 101.20% premium to the government as part of the bidding process, the company said in a press release.
The Thakurani-A1 Iron Ore Block, spread across 202 hectares, was among 12 virgin mineral blocks put up for auction by the Odisha Directorate of Mines and Geology in December 2025.
According to government documents, the block is classified as G3-level explored and contains around 50 million tonnes of iron ore resources.
Jindal Steel Limited is one of India’s integrated steel producers and is known for its large-scale operations and focus on efficiency in steel manufacturing.
