Jindal Steel Wins New Iron Ore Block in Odisha with 38 Million Tonnes Reserves

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Jindal Steel Wins New Iron Ore Block in Odisha with 38 Million Tonnes Reserves

Jindal Steel has secured the Rengalaberha North-East Extension and Nuagan West iron ore block in Odisha through a state auction. The mine is estimated to hold nearly 38 million tonnes of iron ore, including a large portion of high-grade reserves.

Published by Abhishek Swain | March 12, 2026

Jindal Steel has secured another iron ore mine in Odisha through a state government auction, further strengthening its mining portfolio in the state. The company won the Rengalaberha North-East Extension and Nuagan West iron ore block by offering a premium of 111.15 per cent over the base price during the bidding process.

According to reports, the newly acquired mine is estimated to contain nearly 38 million tonnes of iron ore reserves. Sources indicate that the block has a mix of both high-grade and low-grade ore.

Of the total reserves, around 29 million tonnes consist of high-grade iron ore fines along with some lumps. The high-grade ore reportedly has an iron content of about 60 per cent, making it suitable for direct use in furnaces or for producing sinter and pellets used in steel manufacturing.

When lower-grade ore is included, the overall average iron content of the mine is estimated at approximately 57.87 per cent.

The development comes shortly after reports that Jindal Steel also secured the Thakurani A1 iron ore block in Odisha’s Keonjhar district, which is believed to hold reserves of more than 50 million tonnes. The company confirmed the acquisition in a filing to the stock exchange earlier this week.

The latest acquisition is expected to strengthen the company’s access to raw materials and support its long-term steel production plans.