By Our Correspondent
BHUBANESWAR: The online auction for the Thakurani-A1 Iron Ore Block in Keonjhar in Odisha which had started on Tuesday with a Premium of 101.05 Percent, closed with Jindal Steel Ltd declared preferred bidder for the block by committing to pay 101.20 Percent Premium to Government.
The block is a key, virgin, G3-level explored area with over 50 million tonnes of iron, auction for which started at 11 AM and closed at around 1.08 PM today.
The Thakurani A1 Iron Ore block was part of a recent auction round for 12 virgin mineral blocks notified by the Odisha Directorate of Mines and Geology in December 2025.
Specific to Thakurani-A1 (an iron ore block with resources of approximately 50.532 million tonnes at >35% Fe cutoff).
