Jindal Steel Secures Odisha Iron Ore Block with 101% Premium Bid

• Jindal Steel declared preferred bidder for the Thakurani-A1 iron ore block in Odisha.
• Company committed to pay a 101.20% premium to the Odisha government for the 202-hectare block in Keonjhar district.
• The block is a G3-level explored deposit with an estimated 50 million tonnes of iron ore resources.
• This acquisition strengthens Jindal Steel's strategic growth plans and mine-to-metal business model.
• For the December quarter, net profit slipped 80% to ₹188.5 crore; shares were up 0.59% post-announcement.