Jindal Steel rises after emerging as preferred bidder for Thakurani-A1 Iron Ore block in Odisha
Jindal Steel is currently trading at Rs. 1194.40, up by 7.40 points or 0.62% from its previous closing of Rs. 1187.00 on the BSE.
The scrip opened at Rs. 1187.10 and has touched a high and low of Rs. 1204.65 and Rs. 1187.10 respectively. So far 6632 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1270.00 on 26-Feb-2026 and a 52 week low of Rs. 770.00 on 09-Apr-2025.
Last one week high and low of the scrip stood at Rs. 1204.65 and Rs. 1132.50 respectively. The current market cap of the company is Rs. 121839.32 crore.
The promoters holding in the company stood at 62.69%, while Institutions and Non-Institutions held 28.11% and 9.20% respectively.
Jindal Steel has been declared the preferred bidder by the Government of Odisha for the Thakurani-A1 Iron Ore Block, with an area of 202 Ha in Keonjhar, Odisha, after the conclusion of the online auction, committing to pay a 101.20 per cent Premium to the Government. 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. The virgin block is G3-level explored with around 50 million tonnes of iron ore resources as per the Government document.
