By Our Correspondent
BHUBANESWAR: In a major setback to Rungta Mines Group, Vishal LPG Fuels Pvt Ltd has bagged Nadidih iron ore and manganese mine in Odisha’s Sundargarh, which went under the hammer on Tuesday. This was 12th of 19 mines enlisted for auction in Odisha.
Vishal LPG Fuels Pvt Ltd committed to pay 142.35 per cent of the average sale price to the Odisha government.
The lease of the composite block with an estimated reserve of 15.06 MT iron ore and 0.059 MT manganese was with Feegrade and Co Pvt Ltd, a subsidiary of RML Group and it was the 3rd running Mines, the Chaibasa based Merchant miners lost.
Besides Feegrade and Vishal LPG, eight other mining companies, including JSPL, TP Sao & Sons Pvt Ltd , Lal Trades & Agencies Pvt, ArcelorMittal and Yazdani International (P) Ltd, were in the final race.
Lessee Ghanashyam Misra and Sons Pvt Ltd Mishra & Sons Pvt Ltd on Tuesday (February 11) retained Gorumahisani iron ore block in Odisha auction at a premium of 115 per cent.
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