Jindal Steel Limited said it has been declared the preferred bidder for the Thakurani-A1 iron ore block in Keonjhar district of Odisha following the conclusion of an online auction conducted by the Government of Odisha. The block covers an area of 202 hectares and forms part of a mineral block auction round notified in December 2025.
According to a press release issued by Jindal Steel Limited, the company committed to pay a premium of 101.20 percent to the Government for the mining rights. The Thakurani-A1 iron ore block was among 12 virgin mineral blocks notified for auction by the Odisha Directorate of Mines and Geology.
The Thakurani-A1 block is classified as a G3-level explored deposit and contains around 50 million tonnes of iron ore resources based on government documents referenced in the release. The auction process was conducted through an online bidding mechanism.
The acquisition of the block provides access to additional iron ore resources in Odisha, a region that hosts several iron ore mining operations. The company operates a mine-to-metal production model that integrates raw material resources with steel manufacturing operations.
Jindal Steel Limited, formerly known as Jindal Steel & Power Limited, is an integrated steel producer with manufacturing facilities in Angul, Raigarh, and Patratu and operations across India and Africa.
