CORPORATE
Coal India enters iron ore mining after winning Gadadharpur block in Odisha
- IBJ Bureau
- Aug 07, 2026
Coal India has said that it has won the Gadadharpur iron ore block in Odisha through a competitive auction.
This marks the State-run miner’s entry into iron ore mining.
The block contains 288 million tonnes (mt) of resources, the company has added said in an exchange filing.
Coal India will pay the Odisha government a premium equivalent to 114.05 per cent of the value of minerals despatched from the block.
Odisha is the top iron ore-producing State, and the rising output of the mineral is expected to support planned steel-making capacity additions as well as meet the demand from infrastructure and construction sectors.
India, the world’s second-largest crude steel producer after China, is set to produce 340 to 345 mt of iron ore in 2026-27, up from about 316 mt a year earlier.
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