[SMM Steel] Jindal Steel wins a new iron ore mine in Odisha with ~38 mt reserves

Published: Mar 12, 2026 19:24

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[SMM Steel] India’s Jindal Steel secured the Rengalaberha North-East Extension and Nuagan West iron ore block in Odisha through a state auction, offering a 111.15% premium over the base price. The mine is estimated to hold around 38 million tonnes of reserves, including about 29 mt of high-grade iron ore with Fe content near 60%, while the overall average grade is 57.87% Fe.

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