New Delhi: Jagat Janani Pvt Ltd has bagged Jururi iron ore block by committing to pay 126.23 per cent of the average sale price to the Odisha government, sources said on Monday.
Initially, 17 mining companies had bid for the iron ore block in Keonjhar district with an estimated reserve of 270 MT.
Besides Jagat Janani Pvt Ltd and the existing lessee Kalinga Mining Corporation, Kashvi International Private Limited, Lal Trades & Agencies Pvt Ltd, Pravakara Sahoo and Sociedad De Fomento Industrial Pvt Ltd. made it to the final race, the sources added.
This was the 16th of the 19 mines enlisted for auction.
Tamara Apartment Pvt Ltd had bagged the Teherai iron ore and manganese block, which went under the hammer on Saturday.
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 141.25 per cent of the average sale price 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).