Business

Odisha Auction: Yazdani Bags Kalmong Composite Mine At 100% Premium

By
OB Bureau

New Delhi: Yazdani International (P) Ltd on Wednesday bagged Kalmong iron ore and manganese block at a premium of 100 per cent.

Besides Yazdani, existing lessee Rungta Mines Ltd, Lal Trades & Agencies Pvt, GV Mines Minerals and Metals Pvt Ltd and Gopal Sponge and Power Pvt Ltd were in the race for this composite mine in Sundargarh district.

The estimated ore reserve of this mine is 1.40 MT iron ore and 3.695 MT manganese.

This was the 13th of 19 mines enlisted for auction in Odisha.

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).

OB Bureau

Recent Posts

Why Simi Garewal Deleted Post Defending Abhishek Bachchan Amid His Divorce Rumours?

New Delhi: Bollywood actress and talk show host Simi Garewal recently shared a post defending…

November 6, 2024

Odisha: Govt Engineering College Student Thrashed By Seniors For Raising Voice Against Ragging

Keonjhar: A second-year student of a government engineering college in Odisha's Keonjhar on Wednesday brought…

November 6, 2024

‘Mai Jald Hi Aaungi’: How Noted Folk Singer Sharda Sinha Kept Promise To Late Husband

New Delhi: Folk singer Sharda Sinha, who was admitted to AIIMS due to complications related…

November 6, 2024

Odisha Police Debunks Murder-For-Robbery Plot, Arrest Man For Killing Spouse

Jeypore: A 24-year-old inconsolable man, rolling on the ground unable to bear the loss of…

November 6, 2024

LMV License Holders Can Drive Transport Vehicles: Supreme Court

New Delhi: A five-judge Constitution bench of the Supreme Court on Wednesday ruled that a…

November 6, 2024

2 Die, One Critical As Car Crashes Into Tree In Odisha’s Konark

Bhubaneswar: Two persons died while another sustained critical injuries as the car in which they…

November 6, 2024

US Election Results: Trump Ahead Of Harris In Three Swing States

New Delhi: Tens of millions of Americans are choosing between two candidates with vastly different…

November 6, 2024

Thieves Decamp With Jewellery & Cash From Tara Tarini Temple In Odisha’s Ganjam

Berhampur: Unidentified miscreants decamped with gold and silver jewellery worth lakhs of rupees and all…

November 6, 2024