# Coal India Wins Preferred Bid for Odisha Iron Ore Block 2026-08-07T01:51:03+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet Coal India has emerged as the preferred bidder for the Gadadharpur iron ore block in Odisha, marking its entry into iron ore mining. The company quoted a 114.05% premium over the notified value, according to its stock exchange filing. The block, spread across 265.05 hectares in Keonjhar district, has estimated resources of 258.04 million tonnes of iron ore. The move supports Coal India’s diversification beyond coal and the government’s aim of lifting domestic iron ore production. The sector is led by state-run NMDC. Steelmakers, including Tata Steel and JSW Steel, have said premiums above 100% can make captive mining economics difficult. Coal India could instead sell ore commercially to domestic steel producers, according to BigMint chief executive Dhruv Goel. ## Coverage - livemint.com - ndtvprofit.com Tags: Coal India, iron ore, mining auctions, Odisha mining, steel industry Canonical: https://indianopinion.org/coal-india-wins-odisha-iron-ore-block-with-114-premium/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/coal-india-wins-odisha-iron-ore-block-with-114-premium/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.