The government of the eastern Indian state of Odisha has set a target of auctioning 34 mineral blocks including iron ore and manganese during the fiscal year 2026-27, a government official said on Tuesday, March 31.
The official said that these mineral assets are spread across 12 districts across the state and include explored and unexplored blocks.
While the full list of all the 34 blocks has not yet been ‘frozen’, it comprises five blocks for iron ore, six for bauxite, four blocks covering both iron ore and manganese, three for quartz, and two for limestone, he said.
He said that, under the auction rules, successful bidders will be granted concessions for a period of 50 years to mine these assets, offering greater stability to investors.