Pic Courtesy: ET
Bhubaneswar: In the bidding for Balda iron ore block that went past midnight (2.41 am) on Monday, Serajuddin and Co emerged as the winner.
The company retained the block in Keonjhar district by committing to pay 118.05% of the sale value of ore to the Odisha government.
Of the 13 technically qualified bidders, Serajuddin & Co, ArcelorMittal India Pvt Ltd, JSW Steel, Adani Enterprises Ltd and Rungta Mines Ltd were 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.
In the ongoing auction, JSW Steel has already 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.
New Delhi: The first of the 7-phase exercise of voting for Lok Sabha elections 2024…
Bhubaneswar: Severe heatwave will continue to torment Odisha on Friday with orange warning issued for…
New Delhi: Iran fired air defence batteries early Friday morning after three explosions were heard…
New York: As many as 28 Google employees have lost their jobs for showing dissent.…
Malkangiri: In a major breakthrough, BSF personnel and local police unearthed two arms dumps of…
Mumbai: A recent report claimed that Team India captain Rohit Sharma, Rahul Dravid and chief…
Nabarangpur: Congress candidate for election to Odisha's Nabarangpur Lok Sabha constituency Bhujabal Majhi filed his…
Mumbai: Neena Gupta and West Indies cricket legend Vivian Richards are set to be grandparents.…