This Jindal Group Company Declared Preferred Bidder for Thakurani-A1 Iron Ore Block in Odisha

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This Jindal Group Company Declared Preferred Bidder for Thakurani-A1 Iron Ore Block in Odisha

Jindal Steel Limited has been declared the preferred bidder for the Thakurani-A1 Iron Ore Block in Odisha, with shares rising 1% following the announcement.

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The Thakurani-A1 block spans 202 hectares and was part of a recent auction of 12 virgin mineral blocks by the Odisha Directorate of Mines and Geology in December 2025. The block is G3-level explored and holds an estimated 50 million tonnes of iron ore, according to government records.

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  • Block Name: Thakurani-A1 Iron Ore Block
  • Location: Keonjhar, Odisha
  • Area: 202 hectares
  • Exploration Level: G3
  • Estimated Resources: 50 million tonnes of iron ore
  • Premium Offered: 101.20 per cent

Jindal Steel Share Price Performance

Jindal Steel Ltd saw its shares rise by 1.01 per cent, trading at Rs 1,199.20 on Wednesday, 11:40:53 IST, following the announcement of the company being declared the preferred bidder for the Thakurani-A1 Iron Ore Block in Odisha.

The stock opened at Rs 1,187.00 and touched an Intraday high of Rs 1,205.10 and a low of Rs 1,186.10. The volume traded was 4.60 lakh shares, with a total traded value of Rs 55.05 crore. The volume-weighted average price (VWAP) for the session was Rs 1,196.49.

Additionally, the company has delivered solid returns over the past year. Its year-to-date (YTD) returns stand at 12.24 per cent, while the 1-year returns are 32.53 per cent, signalling sustained growth and investor confidence.

About Jindal Steel Ltd

Jindal Steel Ltd is one of India's leading integrated steel producers. Operating on a robust mine-to-metal model, the company leverages captive resources, advanced manufacturing capabilities, and a global distribution network to deliver high-performance steel solutions. With an investment footprint exceeding USD 12 billion, Jindal Steel runs state-of-the-art facilities in Angul, Raigarh, and Patratu, and maintains strategic operations across India and Africa.

 

Disclaimer: The article is for informational purposes only and not investment advice.