Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
Jindal Steel has emerged as the preferred bidder for the Rengalaberha North-East Extension and Nuagan West iron ore block in Odisha’s Keonjhar district, marking another important step in the company’s resource expansion strategy. The 84-hectare block is estimated to hold nearly 38 million tonnes of iron ore, giving the company a stronger raw material base for future steel production. Jindal secured the block through an online auction after offering a 111.15% premium to the Odisha government. Industry watchers see the win as significant for the company’s captive ore security, especially as steelmakers continue to focus on backward integration and long-term supply stability. The latest auction success is also expected to support Jindal Steel’s broader mine-to-metal strategy and strengthen its position in Odisha’s competitive mining landscape.
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