{"id":48,"date":"2026-03-12T09:35:44","date_gmt":"2026-03-12T09:35:44","guid":{"rendered":"https:\/\/www.mddir.com\/news\/?p=48"},"modified":"2026-03-12T09:35:46","modified_gmt":"2026-03-12T09:35:46","slug":"jindal-steel-bolsters-raw-material-security-wins-second-odisha-iron-ore-block-in-48-hours","status":"publish","type":"post","link":"https:\/\/www.mddir.com\/news\/jindal-steel-bolsters-raw-material-security-wins-second-odisha-iron-ore-block-in-48-hours\/","title":{"rendered":"Jindal Steel Bolsters Raw Material Security: Wins Second Odisha Iron Ore Block in 48 Hours"},"content":{"rendered":"\n<p><strong>BHUBANESWAR \/ NEW DELHI<\/strong> \u2014 Continuing its aggressive acquisition spree, <strong>Jindal Steel Limited<\/strong> (formerly JSPL) has been declared the preferred bidder for the <strong>Rengalaberha North-East Extension and Nuagan West<\/strong> iron ore block in Odisha. This marks the company&#8217;s second major win in the state this week, following its successful bid for the Thakurani-A1 block just 24 hours prior.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Strategic Asset Details<\/h3>\n\n\n\n<p>The newly secured block is located in the mineral-rich <strong>Keonjhar district<\/strong> and is critical for the company\u2019s &#8220;mine-to-metal&#8221; integration strategy.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Reserves:<\/strong> Estimated at approximately <strong>38 million tonnes<\/strong> of iron ore.<br><br><\/li>\n\n\n\n<li><strong>Premium Committed:<\/strong> Jindal Steel offered a substantial <strong>111.15% premium<\/strong> over the base price to the Odisha government.<br><br><\/li>\n\n\n\n<li><strong>Area:<\/strong> Spans roughly <strong>84 hectares<\/strong>.<br><br><\/li>\n\n\n\n<li><strong>Exploration Level:<\/strong> Classified as G2, indicating a high level of mineral certainty compared to virgin blocks.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">A Week of High-Stakes Bidding<\/h3>\n\n\n\n<p>The win follows a highly competitive auction process conducted by the Odisha Directorate of Mines and Geology. On Tuesday, March 10, the company secured the <strong>Thakurani-A1 block<\/strong> (50 million tonnes) with a <strong>101.20% premium<\/strong>. Combined, these two acquisitions add nearly <strong>88 million tonnes<\/strong> to Jindal Steel\u2019s captive resource pipeline.<\/p>\n\n\n\n<p>The aggressive bidding reflects a broader industry trend where steel majors are willing to pay significant premiums to hedge against volatile open-market prices and ensure long-term supply for expanding plant capacities.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Powering the Angul Expansion<\/h3>\n\n\n\n<p>These mines are destined to feed Jindal Steel\u2019s integrated steel plant at <strong>Angul, Odisha<\/strong>, which is currently scaling up to a <strong>12 MTPA (million tonnes per annum)<\/strong> capacity.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Securing these blocks is crucial for our long-term operational stability. With our existing Tensa mine reserves projected to deplete within the next few years, these new assets ensure we remain self-reliant as we double our production footprint.&#8221; \u2014 <strong>Industry Analyst<\/strong><\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\">What\u2019s Next?<\/h3>\n\n\n\n<p>While the win is a major milestone, the company now enters a regulatory phase. Jindal Steel has a lead time of approximately <strong>three years<\/strong> to secure the necessary environmental and forest clearances and set up the infrastructure required to commence commercial extraction.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BHUBANESWAR \/ NEW DELHI \u2014 Continuing its aggressive acquisition spree, Jindal Steel Limited (formerly JSPL) has been declared the preferred bidder for the Rengalaberha North-East Extension and Nuagan West iron ore block in Odisha. This marks the company&#8217;s second major win in the state this week, following its successful bid for the Thakurani-A1 block just [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":49,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5],"tags":[],"class_list":["post-48","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Jindal Steel Bolsters Raw Material Security: Wins Second Odisha Iron Ore Block in 48 Hours - News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mddir.com\/news\/jindal-steel-bolsters-raw-material-security-wins-second-odisha-iron-ore-block-in-48-hours\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Jindal Steel Bolsters Raw Material Security: Wins Second Odisha Iron Ore Block in 48 Hours - News\" \/>\n<meta property=\"og:description\" content=\"BHUBANESWAR \/ NEW DELHI \u2014 Continuing its aggressive acquisition spree, Jindal Steel Limited (formerly JSPL) has been declared the preferred bidder for the Rengalaberha North-East Extension and Nuagan West iron ore block in Odisha. This marks the company&#8217;s second major win in the state this week, following its successful bid for the Thakurani-A1 block just [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.mddir.com\/news\/jindal-steel-bolsters-raw-material-security-wins-second-odisha-iron-ore-block-in-48-hours\/\" \/>\n<meta property=\"og:site_name\" content=\"News\" \/>\n<meta property=\"article:published_time\" content=\"2026-03-12T09:35:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-03-12T09:35:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.mddir.com\/news\/wp-content\/uploads\/2026\/03\/Jindal-Steel.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"768\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Prashant Gorule\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Prashant Gorule\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Jindal Steel Bolsters Raw Material Security: Wins Second Odisha Iron Ore Block in 48 Hours - News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.mddir.com\/news\/jindal-steel-bolsters-raw-material-security-wins-second-odisha-iron-ore-block-in-48-hours\/","og_locale":"en_US","og_type":"article","og_title":"Jindal Steel Bolsters Raw Material Security: Wins Second Odisha Iron Ore Block in 48 Hours - News","og_description":"BHUBANESWAR \/ NEW DELHI \u2014 Continuing its aggressive acquisition spree, Jindal Steel Limited (formerly JSPL) has been declared the preferred bidder for the Rengalaberha North-East Extension and Nuagan West iron ore block in Odisha. This marks the company&#8217;s second major win in the state this week, following its successful bid for the Thakurani-A1 block just [&hellip;]","og_url":"https:\/\/www.mddir.com\/news\/jindal-steel-bolsters-raw-material-security-wins-second-odisha-iron-ore-block-in-48-hours\/","og_site_name":"News","article_published_time":"2026-03-12T09:35:44+00:00","article_modified_time":"2026-03-12T09:35:46+00:00","og_image":[{"width":1280,"height":768,"url":"https:\/\/www.mddir.com\/news\/wp-content\/uploads\/2026\/03\/Jindal-Steel.jpg","type":"image\/jpeg"}],"author":"Prashant Gorule","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Prashant Gorule","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.mddir.com\/news\/jindal-steel-bolsters-raw-material-security-wins-second-odisha-iron-ore-block-in-48-hours\/#article","isPartOf":{"@id":"https:\/\/www.mddir.com\/news\/jindal-steel-bolsters-raw-material-security-wins-second-odisha-iron-ore-block-in-48-hours\/"},"author":{"name":"Prashant Gorule","@id":"https:\/\/www.mddir.com\/news\/#\/schema\/person\/4d6a73ba57bf7b6d35fc9b5d7ef740b5"},"headline":"Jindal Steel Bolsters Raw Material Security: Wins Second Odisha Iron Ore Block in 48 Hours","datePublished":"2026-03-12T09:35:44+00:00","dateModified":"2026-03-12T09:35:46+00:00","mainEntityOfPage":{"@id":"https:\/\/www.mddir.com\/news\/jindal-steel-bolsters-raw-material-security-wins-second-odisha-iron-ore-block-in-48-hours\/"},"wordCount":337,"commentCount":0,"image":{"@id":"https:\/\/www.mddir.com\/news\/jindal-steel-bolsters-raw-material-security-wins-second-odisha-iron-ore-block-in-48-hours\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/www.mddir.com\/news\/wp-content\/uploads\/2026\/03\/Jindal-Steel.jpg?fit=1280%2C768&ssl=1","articleSection":["Company"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.mddir.com\/news\/jindal-steel-bolsters-raw-material-security-wins-second-odisha-iron-ore-block-in-48-hours\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.mddir.com\/news\/jindal-steel-bolsters-raw-material-security-wins-second-odisha-iron-ore-block-in-48-hours\/","url":"https:\/\/www.mddir.com\/news\/jindal-steel-bolsters-raw-material-security-wins-second-odisha-iron-ore-block-in-48-hours\/","name":"Jindal Steel Bolsters Raw Material Security: Wins Second Odisha Iron Ore Block in 48 Hours - 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