New Delhi, Jul 4 (PTI) Jindal Steel on Friday said it has bagged a 50-year mining lease for the Roida-I iron ore and Manganese block located in Keonjhar district of Odisha. The company has secured a letter of intent (LoI) from the Odisha government for the grant of the said mining lease, Jindal Steel said in a statement. Also Read | Kolkata Fatafat Result Today: Kolkata FF Result for July 04, 2025 Declared, Check Winning Numbers and Result Chart of Satta Matka-Type Lottery Game. Spread across 104.84 hectares, this mineral resource significantly enhances Jindal Steel’s raw material security and underscores the company’s commitment to integrated and sustainable steel production in India’s mineral-rich eastern corridor, the statement added. “This mining lease is a critical enabler for our long-term vision of self-reliant steel production. With the Roida-I block, we are significantly bolstering our iron ore and manganese supply base, which will ensure operational stability, cost efficiency, and support our growth plans,” Pankaj Malhan, Executive Director, Jindal Steel, said. Also Read | Shillong Teer Results Today, July 04 2025: Winning Numbers, Result Chart for Shillong Morning Teer, Shillong Night Teer, Khanapara Teer, Juwai Teer and Jowai Ladrymbai. The Roida-I Iron Ore and Manganese Block comes with an environmental clearance capacity of 3 Million Tonnes Per Annum (MnTPA) and a mineral deposit of 126.05 Million Tonnes. The LoI from the Odisha government follows Jindal Steel’s successful participation in the e-auction held on June 6, 2025, where the company emerged as the Preferred Bidder, in line with the provisions of the Mines and Minerals (Development and Regulation) Act, 1957, and the Mineral (Auction) Rules, 2015. The issuance of the LoI is a significant step toward securing long-term iron ore and manganese supplies, critical to Jindal Steel’s integrated operations. Jindal Steel, erstwhile Jindal Steel and Power, is one of India’s leading business houses, with a significant presence in steel, mining, power and infrastructure. (This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)