Coal India Ltd Preferred Bidder for Odisha Iron Ore Block

CIL diversifies beyond coal, emerges preferred bidder for iron ore block in Odisha

State-owned Coal India Limited (CIL) has emerged as the preferred bidder for the Gadadharpur Iron Ore Block in Odisha's Kendujhar district, as the country's largest coal producer looks to expand its presence beyond its core coal mining business.

Coal India Ltd preferred bidder for Odisha iron ore block

Coal India Limited has become the preferred bidder for Odisha's Gadadharpur iron ore block. The state-owned miner will diversify operations by entering the iron ore sector. This acquisition strengthens Coal India's critical mineral resource presence significantly. The company aims to expand its revenue base beyond plateauing coal demand. Further diversification includes renewable energy and thermal power generation projects.

Coal India enters iron ore mining with 288-MT Odisha block

Coal India ventures into iron ore mining after becoming the preferred bidder for Odisha’s Gadadharpur Iron Ore Block, expanding beyond coal to support steel production and diversify its portfolio.

Coal India Makes Move Into Iron Ore In Diversification Push

Coal India Ltd wins Gadadharpur Iron Ore Block in Odisha, agreed to pay an auction premium of 114.05 per cent of the value of minerals dispatched to the State Government, Premium for Karlapat Bauxite Block reached at 163.55 Percent

By Our Correspondent BHUBANESWAR:  Coal India Ltd , under the Ministry of Coal,  has emerged as the preferred bidder for the Gadadharpur Iron Ore Block in Odisha, marking a key step in CIL’s strategy to diversify beyond coal. The Odisha government has declared CIL the preferred bidder for the Gadadharpur block in Kendujhar district through an auction process which began at 114.00 Percent. The block is estimated to hold iron ore resources of 288 …