Business

Odisha Mines Auction: Patnaik Minerals Bags Mahulsukha Block At 92.70% Premium

By
OB Bureau

New Delhi: Patnaik Minerals Pvt Ltd bagged Mahulsukha iron ore and manganese mines in Odisha, which went under the hammer, on Saturday.

Seven mining companies– TP Sao, LTA, GV Mines, Freegrade, Yazdani, Patnaik Minerals and Shyam Ore – were in the fray for this composite block with an estimated reserve of 32.81 MT (iron ore) and 0.731 MT (manganese).

Patnaik Minerals emerged winner by committing to pay 92.70 per cent of the average sale to the Odisha government.

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).

OB Bureau

Recent Posts

[Watch] Delhi’s Air Pollution Reaches ‘Severe Plus’ Category, Schools Switch To Online Classes

New Delhi: The air pollution level in the national capital reached the ‘severe plus’ category…

November 18, 2024

Why Chilika’s Irrawaddy Dolphin Population Matters

Why Chilika's Irrawaddy dolphin population matters On the surface, the Irrawaddy dolphin appears to be…

November 18, 2024

Gujarat MBBS Student Collapses To Death During Ragging; Was Made To Stand For Hours

New Delhi: A medical student was literally ragged until death in Gujarat’s Patan district. An…

November 18, 2024

Diljit Dosanjh Didn’t Sing Songs On Alcohol In Gujarat; Here’s Why

New Delhi: Amid calls for not promoting alcohol in his songs, singer Diljit Dosanjh challenged…

November 18, 2024

Odisha: Cultural Event Deadline At Cuttack Bali Jatra Extended By 30 Minutes

Cuttack: The deadline for cultural event at Cuttack Bali Jatra was extended by 30 minutes,…

November 18, 2024

[In Pics] Ollywood Actress Elina Ray Samantray Gets Married In Bali, Wishes Pour In

Bhubaneswar: Ollywood actress Elina Ray Samantray got married in a private ceremony at Bali, Indonesia…

November 18, 2024

Sub-Collector Under Odisha Vigilance Lens, Raids On At 10 Places Including Bhubaneswar

Bhubaneswar: The Odisha Vigilance sleuths on Monday conducted raids on properties linked to Kamakshyanagar sub-collector…

November 18, 2024

Tragic Accident At Cuttack Bali Jatra: +2 Student Dies After Accidentally Touching String Lights

Cuttack: A promising youthful life ended in Cuttack on Sunday as a sophomore was electrocuted…

November 18, 2024