Bhubaneswar: In its first successful bidding, Rungta Mines Limited has won Jumka Pathiriposhi Pahar iron ore block in Odisha’s Sundargarh district at a premium of 110.15 per cent.
According to official sources, MSPL Ltd, Aditya Birla Group’s Essel Mining, ArcelorMittal, JSPL, Shyam Metalics and Vedanta had also bid for the virgin block in the Koira mining circle.
The virgin mine has an area of 1.57 sq km with explorations done up to the G2 level. It has an estimated iron ore resource of 140.28 mt with average grade of 56.14 per cent.
Notably, Rungta didn’t win a single mining block in the auction of 24 mines whose lease period expired before March 31, 2020.
Earlier, Tata Steel bagged Gandhalpada iron ore block in Keonjhar district by offering the highest premium of 141.25 per cent.
The green field iron ore mine has an area of 2.41 sq km with explorations done up to G2 level and geological resource of 314.37 mt of average Fe at 60.48 per cent.
Also Read: Auction Of Virgin Karlapat Bauxite Block In Odisha Put On Hold; Know Why
New Delhi: A day after a privilege motion was moved against him in Parliament, Union… Read More
Rourkela: A notorious inter-state criminal of Jharkhand was critically injured in an encounter with police… Read More
Quetta: The international community is maintaining close watch on the situation in Balochistan, Pakistan, even… Read More
Bhubaneswar: President Droupadi Murmu is scheduled to embark upon a two-day visit to Odisha from… Read More
Jagatsinghpur: In a tragic incident, a man was charred to death after the car he… Read More
Stay ahead with Odisha Bytes Breaking News - your ultimate source for the fastest, most… Read More
This website uses cookies.
