Auction For Gorumahisani Block In Odisha Today; Know The Bidders

New Delhi: Bidding for Gorumahisani iron ore block in Mayurbhanj district began on Monday.

A total of 11 mining companies are in the final race for the block with estimated ore reserve of 17.60 million tonnes.

The Odisha government has fixed the floor price for the block at 66.25 per cent.

The bidders are:-

1. Ghanashyam Misra and Sons Pvt Ltd
2. GV Mines Minerals & Metals Private Limited
3. API Ispat and Powertech (P) Ltd
4. Mahendra Sponge And Power Ltd
5. Shyam Sel And Power Ltd
6. Super Smelters Ltd
7. Thakur Prasad Sao & Sons Pvt Ltd
8. Neo Metaliks Ltd
9. Gopal Sponge and Power Pvt Ltd
10. MSP Cement Ltd
11. Altrade Minerals Pvt Ltd

The current lessee is Ghanashyam Mishra & Sons (p) Ltd

This is the 11th of the 19 mines enlisted for auction in Odisha.

On Sunday, Goa-based mining form Sociedad De Fomento Industrial Pvt Ltd bagged Nadidih iron and manganese mine by committing to pay the average sale of 141.25 per cent to the state government.

Patnaik Minerals Pvt Ltd bagged Mahulsukha iron ore and manganese mines in Odisha, which went under the hammer, at a premium of 92.70 per cent on Saturday.

On Friday, Kolkata-based Khatua Narbheram & Co. retained the Roida II iron ore mines at a premium of 90.90 per cent.

JSW has won four blocks – Nuagaon (January 31),Narayanposhi (February 2) and Ganua (February 5) and Jajang (January 6) – with total ore reserve of 1,138.34 million tonnes.

Shyam Ore bagged the Jilling-Langalota iron ore block in Odisha’s Keonjhar district by committing to pay 135 per cent of average sale price to the Odisha government on Wednesday (February 5).

On Tuesday (February 4), Serajuddin and Co retained Balda iron ore block during the auction that went past midnight (2.41 am). ArcelorMittal India Pvt Ltd had won Thakurani iron ore block notified for auction in Odisha on Monday (February 3).