Business & Finance

Coal India enters iron ore mining after Odisha block win

  • The block contains 258 million tonnes of iron ore resources
Published Updated
By

Coal India has won the Gadadharpur iron ore block in the eastern state of Odisha through a competitive auction, the state’s director of mines and geology, Rohit Kumar Lenka, said on Thursday.

The block contains 258 million tonnes of iron ore resources and marks the state-run miner’s entry into iron ore mining, according to commodities consultancy BigMint.

India, the world’s second-largest crude steel producer after China, is expected to produce 340 million to 345 million metric tons of iron ore in 2026-27, up from about 316 million tons a year earlier, according to BigMint.

Odisha state warns iron ore miners, steelmakers over grade manipulation

Odisha is one of India’s key mineral-producing states, and rising iron ore output is expected to support planned steelmaking capacity additions, as well as infrastructure and construction demand.