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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.

7 Aug 2026 6:25 am