Jindal Steel preferred bidder for Odisha's Thakurani-A1 iron ore block
This story was originally published at 12:10 IST on 11 March 2026
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--Jindal Steel declared preferred bidder for Thakurani-A1 iron ore block
MUMBAI – Jindal Steel Ltd. Wednesday said it has been declared a preferred bidder for the 202 hectare Thakurani-A1 iron ore block in Keonjhar, Odisha, by the state government. The company said it would pay a 101.20% premium over the reserve price for the mining rights licence to the government. The initial exploration of Thakurani block revealed around 50 million tonnes of iron ore resources, Jindal Steel said in an exchange filing.
At 1128 IST, shares of Jindal Steel traded at INR 1,198.80 apiece on the National Stock Exchange, up nearly 1%. For the December quarter, Jindal Steel had reported a consolidated net profit of INR 1.90 billion on revenues of INR 130.27 billion. End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Prateem Rohanekar
Edited by Deepshikha Bhardwaj
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