By Our Correspondent
BHUBANESWAR: Finally Tata Group won Gandhalpada Iron Ore Virgin Block at a Premium of 141.25 Percent. Gandhalpada Iron Ore virgin Block, was the 4th Block among 11 put for auction on Wednesday, in which Financial Bid started at a premium of 88.5 % and till last reports came in till 09.56 PM on Thursday, the figure touched at 141.25% with Tata Group winning the block. Of the 7 Virgin iron ore blocks, Gandhalpada block in Keonjhar district has the highest ore reserve of 314.37 MT, for which all major players interested to bag it.
So far, 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 under Joda mining circle in Odisha’s mineral rich Keonjhar at a premium of 118.1%.
