By Our Correspondent
BHUBANESWAR: Revised auction for Purheibahal Iron Ore Block in Odisha on Thursday began at a premium of 83.25%, where it closed due to technical problem earlier and till last reports came at 02.14AM on Friday, it touches at 124%. Earlier, auction was postponed on September 24 midway due to technical faults. It is the 9th block of the total 11 put for auction. Rungta Mines Limited, AMNS, Eseel Mining, Ramgad Minerals, TP Sao and Sons, Amalgam Steel and Shyam Metaliks, are in race with Rungta Group heading the list in financial bidding for Purheibahal Iron Ore Block, sources said. RML, which had already bagged 2 virgin blocks, earlier, too is also eyeing on Purheibahal Iron Ore Block, sources said.
The State Government has already auctioned 8 blocks of the total of 11, while it has cancelled the auction of Teherai Iron and Manganese block due to less participation. As per tender paper, if the total number of technically qualified bidder is less than 3, no technically qualified bidder shall be considered as qualified bidder, . Explored up to G-2level, the block has total geographical resources of 19.87 million tonnes of Iron Ore. The Odisha government had also put the auction of Karlapat iron ore and bauxite block on hold till further notice following a court order. With no more mines to go for auction as of now, many eyes on Purheibahal Iron Ore Block.
Till now, Raga Tradecon Pvt Ltd won Netrabandha Iron Ore at 139.50% . The virgin mine has an area of 74.370 hectares (ha) with explorations done up to the G2 level. The mine has total geological resources of 15.765 million tonnes (mn t) (Fe 55% cut off) and 1.5 mn t (Fe 45-55%). Earlier, Kashiv International won Dholtapahar Iron Ore Block at 126.55% .While Rungta Mines Limited won Jumka Pathiriposhi Pahar Iron Ore Block at a premium of 110.15&%. and Chandiposhi Block at a premium of 113.10%. Tata Group had won Gandhalpada Iron Ore Virgin Block at a Premium of 141.25 Percent. Vedanta Group’s ESL bagged 2 blocks of Nadidih Iron Ore and Manganese Block (FEEGRADE at a premium of 92.30 % and Nadidih Iron Ore Block (BICO) at a premium of 95.6% while Naveen Jindal led Jindal Steel and Power Limited had bagged the Kasia Iron Ore-Dolomite Mines block at a premium of 118.1%.
