Bidding For Nadidih Iron Block In Odisha Auction Today

New Delhi: After Mahulsukha composite mine, an iron ore block will go under the hammer on Sunday. 

Ten mining companies will be bidding for Nadidih block in Odisha’s Sundargarh district.

Yazdani International (P) Ltd has filed the IPO quoting highest 81.65 per cent followed by TP Sao & Sons Pvt Ltd (72.50 per cent), Brahmani River Pellets Ltd (73 per cent), Lal Trades & Agencies Pvt (72.50 per cent), Vishal lpg Fuels Pvt Ltd (66 per cent), JSPL (63 per cent), ArcelorMittal (55 per cent) and Fomento (52.20 per cent), among others.

It has an estimated ore reserve 20.48 MT. Bonai Industrial Company Ltd (BICO), the current leaseholder is also in the race.

This is the tenth of the 19 mines enlisted for auction.

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).