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Akshay Patel

12th Mar · SEBI-Registered Analyst

JINDALSTEL
has been declared the preferred bidder for the Rengalaberha North-East Extension and Nuagan West Iron Ore Block in Odisha's Keonjhar district, offering a 111.15% premium to the government. The 84-hectare block contains an estimated 38 million tonnes of iron ore resources and was part of 12 mineral blocks auctioned by Odisha's Directorate of Mines and Geology in December 2025, significantly enhancing the company's vertical integration and raw material security strategy. Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations.

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