Jindal Steel Limited (JSL), a steel company based in New Delhi, India, secured the Thakurani-A1 iron ore block in Keonjhar after an online auction held by the Odisha government. The company committed a premium of 101.20% over the average sale price to the state.

Covering 202 hectares, this virgin mineral block contains approximately 50 million tons of iron ore resources.

This acquisition supports Jindal Steel’s strategy to integrate captive raw materials with its steel manufacturing operations. It is estimated that the block could provide 1.5 to 2 million tons of iron ore per year once development and regulatory clearances are complete.

The block was among 11 auctioned by the state to generate revenue from iron ore, bauxite, manganese, and other minerals.