Jindal Steel & Power Limited — Updates, 03-07-2025: Press Release

Jindal Steel has announced a board meeting to discuss the financial results for the quarter and half-year. The company received a Letter of Intent for a 50-year mining lease of the Roida-I Iron Ore and Manganese Block in Odisha, spanning 104.84 hectares with mineral reserves of 126.05 million tonnes and a 3 MTPA clearance. This acquisition strengthens its raw material security, supports backward integration, and is expected to enhance operational stability and cost efficiency, aligning with its growth and sustainability goals in steel production.