Jindal Steel Limited Schedules Virtual Investor Meeting with Citadel International Equities

Jindal Steel Limited has formally announced its participation in a scheduled analyst and institutional investor meeting with Citadel International Equities, set to take place on March 27, 2026. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating the company's commitment to transparent investor communication.

Meeting Details

The upcoming engagement will be conducted through a structured format designed to facilitate direct communication between the company and institutional investors.

Parameter:	Details
Date:	Friday, March 27, 2026
Participant:	Citadel International Equities
Format:	Virtual
Type:	One-on-One Meeting

Regulatory Compliance

The announcement reflects Jindal Steel Limited's adherence to mandatory disclosure requirements under SEBI regulations. The company has simultaneously informed both major Indian stock exchanges about this scheduled interaction. The steel manufacturer trades on BSE under scrip code 532286 and on NSE under the symbol JINDALSTEL.

Important Considerations

Jindal Steel Limited has specifically noted that the announced schedule remains subject to potential modifications. Changes may occur due to exigencies on the part of analysts, investors, or the company itself. This flexibility clause ensures that all parties can accommodate unforeseen circumstances while maintaining professional engagement standards.

Corporate Information

The disclosure was signed by Damodar Mittal, Wholetime Director of Jindal Steel Limited, formerly known as Jindal Steel & Power Limited. Additional information regarding this meeting and other corporate developments remains available on the company's official website at www.jindalsteel.in , ensuring continued transparency for all stakeholders.

Jindal Steel has been officially declared as the preferred bidder for the Rengalaberha North-East Extension and Nuagan West Iron Ore Block in Odisha's Keonjhar district. The company secured this strategic acquisition by committing to a final price offer of 111.15 per cent premium to the Government of Odisha following a successful online auction concluded in March 2026.

Block Specifications and Resource Details

The iron ore block represents a significant addition to Jindal Steel's mining portfolio, spanning approximately 84 hectares in the mineral-rich Keonjhar district. According to government records, the block has been explored up to the G2 level and contains substantial mineral wealth for the company's steel manufacturing operations.

Parameter:	Details
Block Name:	Rengalaberha North-East Extension and Nuagan West
Location:	Keonjhar District, Odisha
Area:	84 hectares
Premium Offered:	111.15%
Estimated Resources:	38 million tonnes
Exploration Level:	G2

Strategic Auction Process

The block was part of a comprehensive tranche of 12 mineral blocks notified for auction by the Directorate of Mines and Geology, Odisha, in December 2025. This competitive bidding process attracted significant interest from major steel producers, highlighting the strategic value of Odisha's iron ore resources. Jindal Steel's successful bid demonstrates the company's commitment to securing long-term raw material supplies.

Operational Impact and Integration

The acquisition of this iron ore block will significantly enhance Jindal Steel's vertical integration strategy and raw material security framework. With estimated iron ore resources of approximately 38 million tonnes, this block will provide substantial support to the company's steel manufacturing operations across its facilities in Angul, Raigarh, and Patratu. The mine-to-metal model approach will be further strengthened through this strategic addition to the company's captive resource base.

Company's Mining Expansion Strategy

This development aligns with Jindal Steel's broader expansion strategy as one of India's foremost integrated steel producers. Operating with an investment footprint exceeding USD 12 billion, the company continues to leverage captive resources and advanced manufacturing capabilities. The successful acquisition reinforces the company's position in securing essential raw materials required for its diversified product portfolio that serves infrastructure, construction, and manufacturing sectors.