New Delhi: The bidding for Balda iron ore block began on Monday.
Of the 13 technically qualified bidders, Serajuddin & Co, ArcelorMittal India Pvt Ltd, JSW Steel, Adani Enterprises Ltd and Rungta Mine
s Ltd are in the final race.
One of India’s largest iron ore mines, Balda in Keonjhar has an estimated ore reserve of 200.11 million tonne. The mine has a capacity to produce 15.5 million tonnes of iron ore a year.
In October last year, the Directorate of Mines had invited tenders for 16 mineral blocks cleared by the high-level committee of the Odisha government for auction.
JSW Steel had bagged two mines — Nuagaon and Narayanposhi — with a total reserve of 980 million tonnes, ArcelorMittal India Pvt Ltd won the third iron ore mine notified for auction in Odisha on Monday.