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 expanded its Odisha ore presence after being declared the preferred bidder for the Thakurani-A1 iron ore block in Keonjhar, marking a strategic step toward stronger raw material security for its steel business. The block covers about 202 hectares, and the company secured preferred bidder status by offering a 101.20% premium in the state auction.
The development is significant for Jindal Steel’s long-term mine-to-metal strategy, as access to captive iron ore resources can improve supply visibility, support production planning and enhance operating efficiency. The Thakurani-A1 block was part of an auction round of virgin mineral blocks, and official estimates place its iron ore resources at around 50 million tonnes.
For the steel sector, the win underlines Jindal Steel’s focus on strengthening backward integration and reducing dependence on external raw material markets. The acquisition is expected to support future capacity planning while reinforcing the company’s position in India’s competitive steel industry.
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