Jindal Steel Secures Long-Term Access to Odisha’s Roida-I Mine for Steel Expansion Drive – EQ
In Short : Jindal Steel & Power has secured a 50-year mining lease for the Roida-I iron ore and manganese block in Odisha. The lease strengthens the company’s raw material security and supports its long-term steel production goals. Spanning a significant mineral-rich area, the block will enhance JSPL’s self-reliance and contribute to meeting India’s growing infrastructure and manufacturing demands.
In Detail : Jindal Steel & Power has been granted a 50-year mining lease for the Roida-I iron ore and manganese block in Odisha. This strategic acquisition marks a major milestone in the company’s efforts to secure long-term access to critical raw materials.
The Roida-I block is known for its high-grade iron ore and manganese reserves, both of which are essential for steel manufacturing. With this lease, Jindal Steel is positioned to reduce its dependency on external sources and stabilize its raw material supply chain.
Located in a mineral-rich belt of Odisha, the block is expected to support the company’s expansion plans and contribute significantly to its production capabilities. The lease will also enable JSPL to optimize costs and enhance operational efficiency across its steel plants.
Odisha continues to play a key role in India’s mineral economy, and the allocation of Roida-I reinforces the state’s importance in supporting industrial growth. The lease is expected to bring in investments and create employment opportunities in the region.
Jindal Steel’s access to this resource-rich block aligns with India’s broader push for self-reliance in key industrial inputs. The secure supply of iron ore and manganese will help the company meet rising domestic and export demands for steel.
As JSPL strengthens its vertical integration strategy, the Roida-I lease provides a vital foundation for its long-term growth. The move not only enhances resource security but also positions the company to play a larger role in India’s infrastructure and manufacturing expansion.
