Auction For Odisha’s Teherai Composite Mine Underway; Know The Bidders

New Delhi: The bidding for Teherai iron ore and manganese block in Odisha mines auction began on Saturday.

Five companies, including Lal Trades and Agencies Pvt Ltd, Anand Exports and Resources Pvt Ltd, Yazdani International Pvt Ltd Tarama Apartment Pvt Ltd and Essel Mining, are in the race for the composite mine in Sundargarh district.

Jharkhand-based B.I.Co is the existing lessee of the block with an estimated reserve of 8.09 iron ore and 0.055 manganese.

This is the 15th of 19 mines enlisted for auction in Odisha.

On Friday, Keonjhar-based Kashvi International Pvt Ltd bagged the second mine in the Odisha auctions by quoting 150 per cent premium for Jaribahal iron ore block.

The same company had bagged Siljora-Kalimati iron ore and manganese block at a premium of 154 per cent the previous day (February 13). This is so far the highest-quoted premium in the ongoing mining auction in the state.

Yazdani International (P) Ltd had bagged Kalmong iron ore and manganese block at a premium of 100 per cent on Wednesday (February 12).

On Tuesday (February 11), Vishal LPG Fuels Pvt Ltd bagged another composite mine, Nadidih iron ore and manganese mine in Odisha’s Sundargarh.

Lessee Ghanashyam Misra and Sons Pvt Ltd Mishra & Sons Pvt Ltd retained Gorumahisani iron ore block in Odisha auction at a premium of 115 per cent the same day.

On Sunday (February 9), Goa-based mining form Sociedad De Fomento Industrial Pvt Ltd bagged Nadidih iron ore block 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 (February 8).

On Friday (February 4), 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).